Question: Problem 6-13 You started the year with $ 1,500 in Prepaid Insurance. This was four months of insurance on a policy that expires this year.

Problem 6-13 You started the year with $ 1,500 in Prepaid Insurance. This was four months of insurance on a policy that expires this year. On May 1, you purchased a two-year policy for $4,800. Record the journal entries

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