What type of entry required to relate the insurance policy
On jan 1 2004 apple inc. purchase a 3 yr insurance policy for $6,000. on dec 31, 2004 the fiscal year-end for apple. what entry, if any, is required to relate to this insurance policy?
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Canyon candy company began operation on jan 1 2004, by purchasing $2,000 of supplies a the end of its first year of operations $1,400 of supplie were on hand.
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