Prepare a General Journal entry in proper format for the following transaction, or event, or adjustment Feb 4 Prepaid the insurance policy for two years, effective February 1st of this year, total paid, $2400 Put the abbreviation Dr in front of any account debited and Cr in front of any account credited Each Debit and each Credit should be on a separate line in the journal entry Prepare a General Journal entry in proper format for the following transaction, or event, or adjustment Feb 4 Prepaid the insurance policy for two years, effective February 1st of this year, total paid, $2400 Put the abbreviation Dr in front of any account debited and Cr in front of any account credited Each Debit and each Credit should be on a separate line in the journal entry

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Question: Prepare a General Journal entry in proper format for the following transaction, or event, or adjustment. Feb 4 Prepaid the insurance policy for two years,

Prepare a General Journal entry in proper format for the following transaction, or event, or adjustment. Feb 4 Prepaid the insurance policy for two years, effective February 1st of this year, total paid, $2400. Put the abbreviation Dr in front of any account debited and Cr in front of any account credited. Each Debit and each Credit should be on a separate line in the journal entry.

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