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e. Nine months ago, Solid Insurance Company sold a one-year policy to a customer and recorded the receipt of the premium by debiting Cash for

e. Nine months ago, Solid Insurance Company sold a one-year policy to a customer and recorded the receipt of the premium by debiting Cash for $624 and crediting Unearned Premium Revenue $624. No adjusting entries have been prepared during the nine-month period. Annual financial statements are now being prepared.

Unearned premium Revenue

Premium Revenue

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