Answered step by step
Verified Expert Solution
Question
1 Approved Answer
complete answer please 2 7:53 10 11 (a) 100% Chapter 04 Homework DM ASSIGNMENT RESOURCES Brief Exercise 4-6 Chapter 04 Homework DM Brief Exercise4-3 Brief
complete answer please 2 7:53 10 11 (a) 100% Chapter 04 Homework DM ASSIGNMENT RESOURCES Brief Exercise 4-6 Chapter 04 Homework DM Brief Exercise4-3 Brief Exercise 4-4 Brief Exercise 4-5 Brief Exercise 4-6 Brief Exercise 4-7 Brief Exercise 4-12 Brief Exercise 4-15 Do It Review 4-4a Do It Review 4-4b Exercise 4-1 Exercise 4-6 Exercise 4-9 Exercise 4-11 Exercise 4-23 Problem 4-34 On July 1, 2017, Pharoah Company pays $15,000 to Blossom Company for a 2-year insurance contract. Both companies have fiscal years ending December 31 Your answer is correct. For Pharoah Company, journalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Credit Date Account Titles and Explanation Debit Prepaid Insurance July 1 15000 15000 Cash Insurance Expense 3750 Dec. 31 Review Score Prepaid Insurance 3750 Review Results by Study Objective SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL Your answer is partially correct. Try again For Pharoah Company, post the entries passed on July 1 and December 31. (Post entries in the order of journal entries presented in the previous part.) Prepaid Insurance 3750 12/31 15000 7/1 15000 12/31 3750 12/31 Bal, 2 7:53 10 11 (ax 100% Chapter 04 Homework DM For Pharoah Company, journalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Brief Exercise 4-12 Brief Exercise 4-15 Do It Review 4-4a Do It Review 4-4 Exercise 4-1 Exercise 4-6 Date Accouat Titles and Explanation Debit Credit Prepaid Insurance 15000 July 1 Exercise 4-9 Exercise 4-11 Exercise 4-23 Problem 4-3A 15000 Cash Insurance Expense 3750 Dec. 31 Review Score Review Results by Study Objective Prepaid Insurance 3750 SHOW LIST OF ACCOUNTS LINK TO TEXT INTERACTIVE TUTORIAL Your answer is partially correct. Try again. For Pharoah Company, post the entries passed on July 1 and December 31. (Post entries in the order of journal entries presented in the previous part.) Prepaid Insurance 15000 3750 7/1 12/31 15000 12/31 12/31 Bal. 3750 Insurance Expease 3750 12/31 12/31 3750 SHOW LIST OF ACCOUNTS
complete answer please
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started