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On July 1, 2022. Ling Co. pays $12.400 to Marsh Insurance Co for a 2-year Insurance contract. Both companies have fiscal years ending December 31

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On July 1, 2022. Ling Co. pays $12.400 to Marsh Insurance Co for a 2-year Insurance contract. Both companies have fiscal years ending December 31 Journalize the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. Marsh uses the accounts Unearned Service Revenue and Service Revenue Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit accounttiles are automatically indended when the amount is entered. Do not indent manually Date Account Titles and Explanation e Textbook and Media List of Accounts journal entries presented in the previous part Post the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. Posten e Textbook and Media List of Accounts Post the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. (Post entries in the order of journal entries presented in the previ Unearned Service Revenue Service Revenue e Textbook and Media List of Accounts * Type here to search

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