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Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system. April 12 Clark Company receives
Journalize the following transactions into the general journal in accordance with the rules of Journalizing, and the Double-entry accounting system.
April | 12 | Clark Company receives and pays a bill for a two-year insurance policy premium, $3,800. The policy begins on May 1. | |
November | 27 | Clark Company purchases equipment costing $5,600, paying 40% down and the rest on account. |
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