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Business, 08.02.2021 19:30 danielacortevpe3i66

An analysis of the company's insurance policies provided the following facts. Policy Date of Purchase Months of Coverage CostA April 1, 2015 24 $ 11,400B April 1, 2016 36 10,224C August 1, 2017 12 9,000The total premium for each policy was paid in full (for all months) at the purchase date, and the Prepaid Insurance account was debited for the full cost. (Year-end adjusting entries for Prepaid Insurance were properly recorded in all prior years.)

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