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On February 1. Year 1, a company paid an $18,900 premium on a 36-month insurance...

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Accounting

On February 1. Year 1, a company paid an $18,900 premium on a 36-month insurance policy for coverage beginning on that date. Reer to that policy and fill in the blanks in the following table. Income Statement Insurance Expense Accrual Basis Cash Basis Balance Sheet Prepaid Insurance Accrual Basis Gath Basis December 31. Year 1 Year 1 December 31, Year 2

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