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Current Attempt in Progress On July 1,2020, Novak Co. pays $9,800 to Splish Insurance Co. for a 2-year insurance policy. Both companies have fiscal years

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Current Attempt in Progress On July 1,2020, Novak Co. pays $9,800 to Splish Insurance Co. for a 2-year insurance policy. Both companies have fiscal years ending December 31. For Novak Co., journalize the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automaticaly indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit eTextbook and Media List of Accounts Attempts: 1 of 3 used Save for Later Submit Answer Send to Gradebook Prev Next Submitted to Gradebook, Thu, Oct 3, 2019, 9:16:11 PM (America/Los Angeles -07:00 Previous Next

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