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    Corporate Financial Accounting Study Set 2
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    Exam 3: The Adjusting Process
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    A One-Year Insurance Policy Was Purchased on June 1,2011 for $1,500.The
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A One-Year Insurance Policy Was Purchased on June 1,2011 for $1,500.The

Question 45

Question 45

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A one-year insurance policy was purchased on June 1,2011 for $1,500.The adjusting entry on December 31,2011 would be
A one-year insurance policy was purchased on June 1,2011 for $1,500.The adjusting entry on December 31,2011 would be

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$1,500/12 ...

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