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Show Attempt History Current Attempt in Progress On July 1, 2022, Blossom Company pays $18,000 to Sunland Company for a 2-year insurance contract. Both companies
Show Attempt History Current Attempt in Progress On July 1, 2022, Blossom Company pays $18,000 to Sunland Company for a 2-year insurance contract. Both companies have fiscal years ending December 31 (a1) Your Answer Correct Answer Your answer is correct Journalize the entry on July 1 and the adjusting entry on December 31 for Sunland Company, Sunland uses the accounts Uneared Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually Account Titles and Explanation Credit July 10 Date Debit Can 1000 Unesrood servien Revenue 1000 Dec. 31 Service List of Accounts (a2) Post the entry on July 1 and the adjusting entry on December 31 for Sunland Company. (Post entries in the entries presented in the previous part.) Unearned Service Revenue Service Revenue e Textbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Sul
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