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Your answer is incorrect. For Sheridan Company, post the entry on July 1 and the annual adjusting entry on December 31. (Post entries in

Your answer is incorrect. For Sheridan Company, post the entry on July 1 and the annual adjusting entry on December 31. (Post entries in the order of journal entries presented in the previous part.) 12/31 Prepaid Insurance 3286 7/1 13144 12/31 Bal. 13144 Insurance Expense 12/31 3286

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