Question
On July 1, 2019,BlossomCo. pays $23,000toSplishInsurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry
On July 1, 2019,BlossomCo. pays $23,000toSplishInsurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31.
Journalize and post the entry on July 1 and the adjusting entry on December 31 forSplishInsurance Co.Splishuses the accounts Unearned Service Revenue and Service Revenue.
Date Account title and explanation Debit
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Date Unearned Service Revenue
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Integrated Accounting For Windows
Authors: Dale A. Klooster, Warren Allen
5th Edition
0324312490, 9780324312492
