Question: Your answer is partially correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. Marsh uses the

 Your answer is partially correct. Journalize the entry on July 1

Your answer is partially correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. Marsh uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 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 12400 Prepaid Insurance 12400 Dec 31 V eTextbook and Media List of Accounts * Your answer is incorrect. Post the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co... (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue Service Revenue

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