Question: Brief Exercise 4-6 (Part Level Submission) On July 1, 2017, Crane Company pays $19,000 to Oriole Company for a 2-year Insurance contract. Both companies have
Brief Exercise 4-6 (Part Level Submission) On July 1, 2017, Crane Company pays $19,000 to Oriole Company for a 2-year Insurance contract. Both companies have fiscal years ending December 31 your answer is partially correct. Try again. For Crane Company, journalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem. Ir no entry required select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Cash 19000 Uneamed Service Revenue 19000 DOC. Uneared Service Revenue 9500 Service Revenue 9500
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