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Business, 28.01.2020 19:51 michaellevingston46

Ambassador hotels purchases one year of fire insurance coverage on december 1 for $24,000 ($2,000 per month), debiting prepaid insurance. on december 31, ambassador would record the following year-end adjusting entry:

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Ambassador hotels purchases one year of fire insurance coverage on december 1 for $24,000 ($2,000 pe...
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