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Adjusting entries-worksheet

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Adjusting Entries, Worksheet

Carreon Printing Company, owned by carlo Carreon, acquired a two year insurance policy on September 1, 2021. The total amount of premium paid is PHP 62,640.

Assuming the payment of the entire premium was recorded by debiting Prebaid Insurance (Asset Method is Used), prepare December 31, 2021 entry.

Reference no: EM133276102

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Adjusting entries-worksheet : Carreon Printing Company, owned by carlo Carreon, acquired a two year insurance policy on September 1, 2021. The total amount of premium paid is PHP 62,640.
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