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Ex. 2 On July 1, 2008, Anderson Insurance Company received $10,000 from a client for a 2-year insurance policy. Instructions Prepare the necessary journal entries

Ex. 2

On July 1, 2008, Anderson Insurance Company received $10,000 from a client for a 2-year insurance policy.

Instructions

Prepare the necessary journal entries for Anderson on July 1 and December 31.

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