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! Required information April 1 , 2 0 2 3 , Stable Insurance Company sold a two - year policy to a customer and recorded

!

Required information

April

1, 2023,

Stable Insurance Company sold a two

-

year policy to a customer and recorded the premium payment received by debiting cash and crediting premium revenue for $

1, 440 .

It is now December

31, 2023,

Stable's year end and the company needs to prepare its adjusting entries.

Jnearned Premium Revenue on December

31, 2023,

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