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BE3-3 On July 1, 2014, Crowe Co pays $15,000 to Zubin Insurance Co for a 3-year insurance policy. Both companies have fiscal years ending December

BE3-3 On July 1, 2014, Crowe Co pays $15,000 to Zubin Insurance Co for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Crowe Co joumalize the entry on July 1 and the adjusting entry on December 31

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