Solve the initial value problem 
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Definitions:
Insurance Payable
A liability account that represents amounts owed for insurance premiums that are due but not yet paid.
Proprietorship
A business owned by one individual.
Drawing
Drawing refers to the withdrawal of cash or other assets from a company by the owner(s) for personal use, decreasing the owner's equity in the business.
Decrease In Assets
A reduction in the value or amount of the assets owned by a company or individual.
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