Rent a Wreck,Inc.began operations on July 1,2012.On July 1,the company paid $9,600 cash in advance for a one-year insurance policy beginning on that day.Cash paid for insurance on the company's statement of cash flows for the month ended July 31,2012 equals ________.

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The entire amount of $9,600 paid in advance for the insurance policy would be reported as a cash outflow in the month it was paid, which is July 2012.