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8 Need 500% perfect answer asap(in 20 minutes) I promise i will rate positive if answer is correct. On April 1, 2021, Solutions Insurance Company
8 Need 500% perfect answer asap(in 20 minutes) I promise i will rate positive if answer is correct.
On April 1, 2021, Solutions Insurance Company sold a one-year insurance policy covering the year ended March 31, 2022. Solutions collected the full $2,700 on April 1, 2021. Solutions made the following journal entry to record the receipt of cash in advance: (Click the icon to view the journal entry.) Nine months have passed, and Solutions has made no adjusting entries. Based on these facts, the adjusting entry needed by at December 31, 2021, is O A. Accounts Debit - X Credit 2,025 Data table Unearned Revenue OB. Credit Journal Entry Date Apr OC. O D. Insurance Revenue Accounts Insurance Revenue Unearned Revenue Accounts Unearned Revenue Insurance Revenue Accounts Insurance Revenue Unearned Revenue Debit 2,025 Debit Debit 675 675 2,025 2,025 Credit Credit 675 675 Accounts Unearned Revenue Print 1 Cash Done Debit 2,700 Credit 2,700Step by Step Solution
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