Business, 03.02.2022 08:40, keshastar82810

On february 2, miles inc. Pays $800 to purchase a one-year insurance policy that will expire next year on january 31. Miles indicates this transaction in its books by recording an $800 reduction in cash and an $800 increase in expenses. Did miles make the proper accounting entries? why or why not?.

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On february 2, miles inc. Pays $800 to purchase a one-year insurance policy that will expire next ye...