What is the amount of insurance expense for one year

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Reference no: EM131499242

Question: A restaurant paid $9,120 cash in advance for liability and casualty insurance for two years of coverage.

a. Journalize the transaction for the payment.

b. What is the amount of insurance expense for one year and for one month?

c. Record the journal entry for six months of insurance expense

Reference no: EM131499242

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