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Journal Entry for: 2. On April 1, 2012, Geo Insurance Company sold a one-year insurance policy covering the year ended March 31, 2013. Geo collected

Journal Entry for:

2. On April 1, 2012, Geo Insurance Company sold a one-year insurance policy covering the year ended March 31, 2013. Geo collected the full $300 on April 1, 2012. Geo made the following journal entry to record the receipt of cash in advance: Apr. 1 Dr. Cash Cr. Unearned Revenue 300 300

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