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. Chipotle has monthly wages expense of $3,200 that has been incurred but not paid as of December 31. b. United Airlines purchases a 24-month insurance policy for $48,000 on December 1 for immediate coverage.
c. On December 15, Pfizer prepays $20,000 for hotel rooms for its annual sales meeting in January.

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. Chipotle has monthly wages expense of $3,200 that has been incurred but not paid as of December 31...

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