On July 1, 2017, Pizner Co. Ltd. pays 13,200 to Orlow Insurance Ltd. for a 3-year insurance

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On July 1, 2017, Pizner Co. Ltd. pays £13,200 to Orlow Insurance Ltd. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Pizner Co. Ltd., journalize and post the entry on July 1 and the adjusting entry on December 31.
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Financial Accounting

ISBN: 978-1118978085

IFRS 3rd edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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