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Business, 15.10.2020 08:01 TravKeepIt100

On July 1, 2022, Sandhill Co. pays $22,000 to Cullumber Company for a 2-year insurance contract. Both companies have fiscal years ending December 31. Required:
Journalize the entry on July 1 and the adjusting entry on December 31 for Cullumber Company.

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On July 1, 2022, Sandhill Co. pays $22,000 to Cullumber Company for a 2-year insurance contract. Bot...
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