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Business, 02.03.2020 16:49 DeathFightervx

The Hotel’s monthly premium for its liability insurance is $5,000 and The Hotel pays the insurance company $30,000 once every six month. Assuming The Hotel paid $30,000 premium for its liability policy on January 1st for the coverage from January 1st, through June 30th,. On February 1st, what is the amount the company accountant needs to debit the Liability Insurance Expenses account?

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