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On July 1,2017, Ling Co. pays$ 12,960 to Bramble Corp.for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Bramble Corp.,
On July 1,2017, Ling Co. pays$ 12,960 to Bramble Corp.for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Bramble Corp., enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Com. Stock Cash Unearned Serv. Rev Rev Jul. 1 Dec. 31 Bal. On July 1,2017, Ling Co. pays $12,960 to Bramble Corp. for a 2-year insurance contract. Both companies have fiscal years ending December 31.For Bramble Corp, enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Com. Stock Cash Unearned Serv. Rev. Rev. Exp. Div
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