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Question 6 of 6 < > 0.43/11 Current Attempt in Progress On July 1, 2025, Ivanhoe Co. pays $13,500 to Whispering Winds Insurance Co.
Question 6 of 6 < > 0.43/11 Current Attempt in Progress On July 1, 2025, Ivanhoe Co. pays $13,500 to Whispering Winds Insurance Co. for a 1-year insurance contract. Both companies have fiscal years ending December 31. Your answer is partially correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Whispering Winds Insurance Co. Whispering Winds uses the accounts Unearned Service Revenue and Service Revenue. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation July 1 Cash Unearned Service Revenue Dec. 31 Unearned Service Revenue Service Revenue eTextbook and Media Debit 13500 Credit 13500 Question 6 of 6 < > 0.43/1 I Your answer is partially correct. Post the entry on July 1 and the adjusting entry on December 31 for Whispering Winds Insurance Co. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue eTextbook and Media List of Accounts Service Revenue 12/31 Bal MacBook Air
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