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At Oriole Company, prepayments are debited to expense when paid, and unearned revenues are credited to revenue whencashis received. During January of the current year,

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At Oriole Company, prepayments are debited to expense when paid, and unearned revenues are credited to revenue whencashis received. During January of the current year, the following transactions occurred. Jan. 2 10 Paid $2.184 for fire insurance protection for the year. Paid $ 1.972 for supplies. Received $7.076 for services to be performed in the future 15 On January 31. It is determined that $2.900 of the services were performed and that there are $ 754 of supplies on hand. (a) Journalize and post the January transactions. (Use T-accounts. (Credit occount titles are outomatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem Debit Credit Date Account Titles and Explanation Journalize and post the January transactions. (Use T-accounts.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Cash > Insurance Expense Service Revenue V Supplies Expense

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