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Business, 30.05.2021 22:20 kevinmoore2884

Kim Company purchased a two-year insurance policy on October 1, 2012, for $6,000. The policy covers its buildings for the next two years. If Kim debited Prepaid Insurance to record the purchase of the policy, prepare the adjusting entry on December 31, 2012 (year-end)

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Kim Company purchased a two-year insurance policy on October 1, 2012, for $6,000. The policy covers...
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