Business, 23.07.2021 02:00, ginalopez567

A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was initially increased for the payment. The required adjusting journal entry on December 31 includes a: (Check all that apply.)

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A 12-month insurance policy was purchased on Dec. 1 for $4,800 and the Prepaid insurance account was...