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repaid Expenses Help Exercise 3-1 (Algo) Determining assets and expenses for accrual and cash accounting...

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repaid Expenses Help Exercise 3-1 (Algo) Determining assets and expenses for accrual and cash accounting LO CI On February 1 Year 1, a company paid an $18.000 premium on a 36 month insurance policy for cewerage beginning on that date. Refer to that policy and fill in the blanks in the following table. Income Statement Insurance Expense Accrual Basis Cash Basis Balance Prepaid Insurance Accrual Basi Cash Basis December 31, Your Yeart December 31. Year 2 Year 2 December 31, Yar Years December 31 Year 4 Year Tot

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