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On July 1,2022, Sheridan Company pays $18,500 to Wildhorse Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Sheridan
On July 1,2022, Sheridan Company pays $18,500 to Wildhorse Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Sheridan Company, post the entries passed on July 1 and December 31 . (Post entries in the order of joumal entries pres the previous part.)
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