Acct301 Essentials of Accounting: Exercise 3-8 Determining assets and expenses for accrual and cash

Acct301 Essentials of Accounting

Exercise 3-8 Determining assets and expenses for accrual and cash accounting
On November 1, 2011, a company paid a $21,600 premium on a 36-month insurance policy for coverage beginning on that date. Refer to that policy and fill in the blanks in the following table.
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