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On July 1, 2019, Blossom Co. pays $12,000 to Nash's Insurance Co. for a 4-year insurance contract, Both companies have fiscal vears ending December 31.
On July 1, 2019, Blossom Co. pays $12,000 to Nash's Insurance Co. for a 4-year insurance contract, Both companies have fiscal vears ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Nashis insurance Co. Nash's uses the accounts Unearned Service Revenue and Seryi occount titles are automotically indented when the amount is entered. Do not indent manually. Record joumal entries in the onder presented in the problem. Round answers to 0 dec
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