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Adjusting journal entry on december

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Allied, Inc. bought a two-year insurance policy on August 1 for $3,600. What is the adjusting journal entry on December 31?

Reference no: EM13763664

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Adjusting journal entry on december : Allied, Inc. bought a two-year insurance policy on August 1 for $3,600. What is the adjusting journal entry on December 31?
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