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Your answer is partially correct. Journalize the entry on July 1 and the adjusting entry on December 3 1 for Novak Insurance Co . Novak

Your answer is partially correct.
Journalize the entry on July 1 and the adjusting entry on December 31 for Novak Insurance Co. Novak 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 0 for the amounts. Credit account titles
are automatically indented when the amount is entered. Do not indent manually.)
Date
Account Titles and Explanation
Debit
Credit
Cash
Unearned Service Revenue
$15,480
Unearned Service Revenue
Service Revenue
eTextbook and Media
List of Accounts
x Your answer is incorrect.
Post the entry on July 1 and the adjusting entry on December 31 for Novak Insurance Co.(Post entries in the order of journal entries
presented in the previous part.)
Unearned Service Revenue
Service Revenue
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