On July 1, 1998, Bere Co. pays ($ 15,000) to Marla Insurance Co. for a 3-year insurance
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On July 1, 1998, Bere Co. pays \(\$ 15,000\) to Marla Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Bere Co. journalize and post the entry on July 1 and the adjusting entry on December 31.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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