Using the data in BE3-5, journalize and post the entry on July 1 and the adjusting entry

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Using the data in BE3-5, journalize and post the entry on July 1 and the adjusting entry on December 31 for Randle Insurance Co. Randle uses the accounts Unearned Insurance Revenue and Insurance Revenue.

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Accounting Principles

ISBN: 978-0470533475

9th Edition

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

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Question Posted: Sep 20, 2011 08:09 AM

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Using the data in BE3-5, journalize and post the entry on July 1 and the adjusting entry

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July 1 Cash 18000 Unearned Insurance Revenue ...View the full answer

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