Smokey Company purchases a 1-year insurance policy on July 1 for $3,600. The adjusting entry...
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Smokey Company purchases a year insurance policy on July for $ The adjusting entry on December is debit Insurance Expense, $; credit Prepaid Insurance, $ debit Insurance Expense, $; credit Prepaid Insurance, $ debit Insurance Expense, $; credit Prepaid Insurance, $ debit Prepaid Insurance, $; credit Cash, $ 
Smokey Company purchases a year insurance policy on July for $ The adjusting entry on December is
debit Insurance Expense, $; credit Prepaid Insurance, $
debit Insurance Expense, $; credit Prepaid Insurance, $
debit Insurance Expense, $; credit Prepaid Insurance, $
debit Prepaid Insurance, $; credit Cash, $
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