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Business, 18.02.2020 21:39 vanessaporter1545

On July 1, 2019, Wildhorse Co. pays $21,300 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31.

Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co.. Kalter uses the accounts Unearned Service Revenue and Service Revenue.

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On July 1, 2019, Wildhorse Co. pays $21,300 to Kalter Insurance Co. for a 3-year insurance contract....
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