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Current Attempt in Progress On July 1, 2025, Blossom Co. pays $ 22,920 to Marigold Insurance Co. for a 1 -year insurance contract. Both companies
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On July 1, 2025,BlossomCo. pays $22,920toMarigoldInsurance Co. for a1-year insurance contract. Both companies have fiscal years ending December 31.
Journalize the entry on July 1 and the adjusting entry on December 31 forMarigoldInsurance Co.Marigolduses the accounts Unearned Service Revenue and Service Revenue.(List all debit entries before credit entries. 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.)
Date | Account Titles and Explanation | Debit | Credit |
---|---|---|---|
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount | |
choose a transaction date | enter an account title | enter a debit amount | enter a credit amount |
enter an account title | enter a debit amount | enter a credit amount |
eTextbook and Media
Assistance UsedList of Accounts
Post the entry on July 1 and the adjusting entry on December 31 forMarigoldInsurance Co.(Post entries in the order of journal entries presented in the previous part.)
Unearned Service Revenue | |||
---|---|---|---|
choose a transaction date | enter a debit amount | choose a transaction date | enter a credit amount |
choose the end date of the accounting period | enter a debit balance | choose the end date of the accounting period | enter a credit balance |
Service Revenue | |||
choose a transaction date | enter a debit amount | choose a transaction date | enter a credit amount |
choose the end date of the accounting period | enter a debit balance | choose the end date of the accounting period | enter a credit balance |
eTextbook and Media
List of Accounts
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