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hjlf
3 years ago
12

Allied In. bought a two-year insurance policy on August 1st for $3,600. What's the adjusting journal entry on December 31st?

Business
1 answer:
vodka [1.7K]3 years ago
3 0

Answer:

1. Debit Insurance Expense- $500 Credit Prepaid Insurance $500  

2. $160 Beginning...

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Suppose that, on the basis of a nation’s production possibilities curve, an economy must sacrifice 10,000 pizzas domestically to
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Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice is dated July 27 with t
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Amount to be paid = $6,000

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