Question: Using the data in BE3-6, prepare two sets of journal entries for No Claims Insurance, with each set of journal entries recording the July I,

Using the data in BE3-6, prepare two sets of journal entries for No Claims Insurance, with each set of journal entries recording the July I, 2014 entry and the December 31, 2014 adjusting entry. No Claims uses an Unearned
Revenue account and an Insurance Revenue account. Treat the receipt of cash as a liability in the first set of journal entries, and treat the receipt of cash as revenue in the second set of journal entries.

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