On Septermber 1, the company prepaid a one-year insurance policy for $12,000, and that is...
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Accounting
On Septermber 1, the company prepaid a one-year insurance policy for $12,000, and that is the amount on the December 31 unadjusted trial balance. The year-end adjusting journal entry would include (choose two accounts and one amount) Dr. Insuance payable C. Insuance payable O Dr.Insurance expense O G. Insurance expense Dr.Prepaid insurance D Gr. Prepaid insurance O $1.000 $4.000 $11.00o $12.000
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