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Question 4 - Record for Sun Company the required adjusting journal entries on December 31, 2020 for the below. 24 marks a. On Aug 1,

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Question 4 - Record for Sun Company the required adjusting journal entries on December 31, 2020 for the below. 24 marks a. On Aug 1, 2020. paid $180,000 for a two-year insurance policy, b. On Oct 1, 2020, collected $2.100 as advance from a customer for services it will provide over the next 6 months. c. On Jan 1. 2020. purchased a delivery van for $125.000. The van will have a useful life of 15 years

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