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December 19, 2014

Homework Help: accounting

Posted by Thara on Sunday, January 30, 2011 at 5:55pm.

identify assumptions and concepts and correct entries.

On December 31, SGI Company's fical year end, a 12-month insurance policy for the following year was purchased. The following entry was made:
DR. insurance expense $24000
CR. cash $24,000

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