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I am sorry. My question was if the calculation and entries are correct. The asset account shows a balance of $1,279.00 and keeps increasing every time I post the invoice. I just need to know if the...

Hey guys. I am new to this site and it's very nice to meet you all.
I have a question about the accounting of my business. On Aug 31, 2006 I bought Commercial Insurance. The total premium for one...