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What is the amount of the adjustment

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Question - On January 1, a one-year insurance policy was purchased for $1,200.  On January 31, what is the amount of the adjustment, and which two accounts are updated?

Reference no: EM133186094

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What is the amount of the adjustment : On January 1, a one-year insurance policy was purchased for $1,200. On January 31, what is the amount of the adjustment, and which two accounts are updated
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