Question: Question 6 View Policies Current Attempt in Progress On July 1, 2020, Oriole Co. pays $10.200 to Waterway Insurance Co. for a 2 year insurance
Question 6 View Policies Current Attempt in Progress On July 1, 2020, Oriole Co. pays $10.200 to Waterway Insurance Co. for a 2 year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Waterway Insurance Co. Waterway uses the accounts Unearned Service Revenue and Service Revenue. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit
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