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4. On July 1, 2015, Jeffrey Underwriters Associates received $8,000 from a client for a 2-year insurance policy. Instructions Prepare the necessary journal entries for

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4. On July 1, 2015, Jeffrey Underwriters Associates received $8,000 from a client for a 2-year insurance policy. Instructions Prepare the necessary journal entries for Jeffrey Underwriters Associates on July 1 and December 31 assuming no adjusting entries have been made thus far. July 1 Dec 31

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