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. On July 1, 2022, Blossom Company pays $22,500 to Ivanhoe Company for a 1-year insurance contract. Both companies have fiscal years ending December 31.

. On July 1, 2022, Blossom Company pays $22,500 to Ivanhoe Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. For Blossom Company, journalize the entry on ...

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