Using the data in BE, journalize and post the entry on July 1 and the adjusting entry
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On July 1, 2014, Pizner Co. pays $13,200 to Orlow Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Pizner Co., journalize and post the entry on July 1 and the adjusting entry on December 31.
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Related Book For
Financial and managerial accounting
ISBN: 978-1118016114
1st edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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