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Business, 04.07.2020 16:01 jasminesilva07oql1a9

On September 1, 2019, Jay Walker Company purchased a one-year insurance policy for $840. The correct adjusting entry on December 31, 2019, is: Multiple Choice debit Insurance Expense $630; credit Prepaid Insurance $630 debit Insurance Expense $280; credit Prepaid Insurance $280 debit Prepaid Insurance $840; credit Insurance Expense $840 debit Prepaid Insurance $70; credit Insurance Expense $70

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