Why the yummy foods purchased a two-year fire, Accounting Basics

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Why the yummy foods purchased a two-year fire

Yummy Foods purchased a two-year fire and extended coverage insurance policy on August 1, 2011, and charged the $2,760 premium to Insurance expense. At its December 31, 2011, year-end, Yummy Foods would record which of the following adjusting entries?

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Accounting Basics: Why the yummy foods purchased a two-year fire

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