A restaurant paid 9120 cash in advance for liability and, Management Theories

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A restaurant paid 9120 cash in advance for liability and

Question: A restaurant paid $9,120 cash in advance for liability and casualty insurance for two years of coverage.

a. Journalize the transaction for the payment.

b. What is the amount of insurance expense for one year and for one month?

c. Record the journal entry for six months of insurance expense

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Management Theories: A restaurant paid 9120 cash in advance for liability and

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Management Theories: A restaurant paid 9120 cash in advance for liability and

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