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1) In January 2012, Pasqual Enterprises purchased a two-year insurance policy costing $1,000. It debited Insurance Expense, and credited Cash. The company made no adjusting
1) In January 2012, Pasqual Enterprises purchased a two-year insurance policy costing $1,000. It debited Insurance Expense, and credited Cash. The company made no adjusting entries at the end of 2012. The entry on December 31, 2013, to correct this error, assuming Pasqual has not closed the books for 2013, is
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Accounting For Construction Frameworks Productivity Cost And Performance
Authors: Rick Best, Jim Meikle
1st Edition
1138293970, 978-1138293977
