A 12-month liability insurance policy was purchased on August 1, 2021 for $480.00 and an 16-month...
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A 12-month liability insurance policy was purchased on August 1, 2021 for $480.00 and an 16-month vehicle insurance policy was purchased on November 1, 2021 for $334.00 What will be the general journal entry to record the insurance usage on November 30, 2021 assuming this adjusting entry is made each and every month? A 12-month liability insurance policy was purchased on August 1, 2021 for $480.00 and an 16-month vehicle insurance policy was purchased on November 1, 2021 for $334.00 What will be the general journal entry to record the insurance usage on November 30, 2021 assuming this adjusting entry is made each and every month?
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SOLUTION Assuming that an adjusting entry is made each month to record the insurance usage we need t... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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