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On July 1, 2018, Jeffrey Underwriters Associates received $8,000 from a client for a 2-year insurance policy. Prepare the necessary journal entries for Jeffrey Underwriters

On July 1, 2018, Jeffrey Underwriters Associates received $8,000 from a client for a 2-year insurance policy. Prepare the necessary journal entries for Jeffrey Underwriters Associates on July 1 and December 31. Date Account Titles and Explanation Debit Credit

Date

Account Titles and Explanation

Debit

Credit

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