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Adjusting entries Nine months ago Mace insurance company sold a one year policy to a customer and recorded the receipt of the premium by debiting

Adjusting entries

Nine months ago Mace insurance company sold a one year policy to a customer and recorded the receipt of the premium by debiting cash for 624 and crediting unearned premium revenue for 624. no adjusting entries have been prepared during the nine month period . annual financial statement are now being prepared

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