The company paid 2800 cash for the premium on a 12-month


Question - The company paid $2,800 cash for the premium on a 12-month insurance policy. Coverage begins on April 11.

Two-thirds of one month's insurance coverage has expired. What is the debit and credit?

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Accounting Basics: The company paid 2800 cash for the premium on a 12-month
Reference No:- TGS02580475

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