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Question 6 of 14 ( - 71 III View Policies Current Attempt in Progress On July 1, 2020, Bramble Co. pays $20,160 to Sunland Insurance
Question 6 of 14 ( - 71 III View Policies Current Attempt in Progress On July 1, 2020, Bramble Co. pays $20,160 to Sunland Insurance Co. for a 4-year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Sunland Insurance Co. Sunland uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit July 1 Dec. 31
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