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can u please help correct whats in red. Attempt History Current Attempt in Progress Your answer is partially correct. On July 1, 2022, Sunland Co.
can u please help correct whats in red.
Attempt History Current Attempt in Progress Your answer is partially correct. On July 1, 2022, Sunland Co. pays $ 13,200 to Oriole Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31 For Sunland Co. journalize and post the entry on July 1 and the annual adjusting entry on December 31. (List all debit entries before credit entries. Credit occount 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 July 1 Prepaid insurance 13200 Cash 13200 Dec. 31 Insurance Expense 1650 Prepold Insurance 1650 Prepaid Insurance 7/1 13200 12/31 1650 12/31 Bal. 13200 Insurance Expense 7/1 1650 12/31 1650 Step by Step Solution
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