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mylen [45]
3 years ago
9

On July 1, 2019, Cullumber Company pays $12,000 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fis

cal years ending December 31. For Cullumber Company, journalize and post the entry on July 1 and the annual adjusting entry on December 31. For Blossom Company, journalize and post the entry on July 1 and the annual adjusting entry on December 31.
Business
1 answer:
denis-greek [22]3 years ago
3 0

Answer:

Explanation:

On July 1, 2019, Cullumber Company pays $12,000 to Kalter Insurance Co. for a 3-year insurance contract.

For Cullumber Company:

July 1 Debit:Prepaid Insur $12000

Credit: Bank. $12,000

Being payment for prepaid Insurance.

Dec 31. Credit:prepaid insur $2,000

Debit:Insurance exp $2,000

Being insurance expenses for the year.

For Blossom Company:

July 1 Credit:Unearned Revenue $12000

Debit: Bank. $12,000

Being unearned revenue on Insurance.

Dec 31. Debit:unearned revenue $2,000

Credit: Revenue $2,000

Being insurance revenue for the year.

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Explanation:

The salad bar has been the place with the multiple salad options at the counter. The disadvantage at school has been the increased cost.

What is the purpose of salad for students?

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brainly.com/question/1042123

5 0
2 years ago
The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the fol
Fiesta28 [93]

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I used an Excel spreadsheet to calculate R² which gives us the least squares trend. See attached image.

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A) Probability neglect

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Answer:

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Elina [12.6K]
<span>An fragmented industry is one that is characterized by a large number of firms of approximately equal size. fragmented industry is the large of the share and market to be able to influence the industry direction. fragmented industry in individual owner and individual business are used.</span>
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