Question: Activity 5.a - Journalizing and posting Transactions Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review

Activity 5.a - Journalizing and posting Transactions Journalize the adjusting entry needed at December 31 for each situation. Use the Chart of Accounts to review account names! A two year insurance polity for $2.640 was purctused on November 1 of the current year, Record the transaction for the: year endea December 31

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