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Business, 02.10.2019 03:00 kaidee

Mountaineer excavation operates in a low-lying area that is subject to heavy rains and flooding. because of this, mountaineer purchases one year of flood insurance in advance on march 1, paying $36,000 ($3,000/month). required: 1.& 2. record the necessary entries in the journal entry worksheet below. 3. calculate the year-end adjusted balances of prepaid insurance and insurance expense (assuming the balance of prepaid insurance at the beginning of the year is $0).

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Mountaineer excavation operates in a low-lying area that is subject to heavy rains and flooding. bec...

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