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Record the purchase of insurance in advance on march

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Reference no: EM132039681

Question - 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 $33,600 ($2,800/month).

Record the purchase of insurance in advance on March 1.

Reference no: EM132039681

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