On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance...
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co.
for a 3-year insurance contract. Both companies have fiscal years
ending December 31. Journalize and post the entry on July 1 and the
adjusting entry on December 31 for Kalter Insurance Co. Kalter uses
the accounts Unearned Service Revenue and Service Revenue. (Credit
account titles are automatically indented when the amount is
entered. Do not indent manually. Record journal entries in the
order presented in the problem.)
Homework Answers
| Date | Account titles and explanation | Debit(in $) | Credit(in $) | ||
| Jul 1,2020 | Cash | 14,400 | |||
| Unearned Service Revenue | 14,400 | ||||
| (To cash from 3 year insurance sold received from Dobbs co.) | |||||
| Dec 31,2020 | Unearned Service Revenue | 2,400 | |||
| Service Revenue | 2,400 | ||||
| (Service Revenue recognized for 6 months of 2020) | |||||
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On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co.
for a 3-year insurance...
thank you On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a...
thank you
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the...
On July 1, 2020, Pina Colada Corp. pays $19,500 to Kalter Insurance Co. for a 3-year...
On
July 1, 2020, Pina Colada Corp. pays $19,500 to Kalter Insurance
Co. for a 3-year insurance contract. Both companies have fiscal
years ending December 31. Journalize and post the entry on July 1
and the adjusting entry on December 31 for Kalter Insurance Co.
Kalter uses the accounts Unearned Service Revenue and Service
Revenue. (Credit account titles are automatically indented when the
amount is entered. Do not indent manually. Record journal entries
in the order presented in the problem.)...
Brief Exercise 3-5 On July 1, 2015, Dobbs Co. pays $18,600 to Kalter Insurance Co. for...
Brief Exercise 3-5 On July 1, 2015, Dobbs Co. pays $18,600 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Dobbs Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 - July 1 Prepaid Insurance Insurance Expense
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays...
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays $24,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Uneared Service Revenue and Service Revenue (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
On July 1, 2019, Swifty Corporation pays $12.600 to Kalter Insurance Co.for a 3-year insurance contract....
On July 1, 2019, Swifty Corporation pays $12.600 to Kalter Insurance Co.for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Swifty Corporation, journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit Prepaid Insurance Insurance Expense
On July 1, 2019, Sunland Co. pays $15,500 to Cheyenne Insurance Co. for a 4-year insurance...
On July 1, 2019, Sunland Co. pays $15,500 to Cheyenne Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Cheyenne Insurance Co. Cheyenne uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round...
On July 1, 2022. Carla Vista Co. pays $14,632 to Sandhill Co. for a 2-year insurance contract
On July 1, 2022. Carla Vista Co. pays $14,632 to Sandhill Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Sandhill Co. Sandhill uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Post the entry on July 1 and...
On July 1, 2022, Sandhill Co. pays $23,000 to Blossom Company for a 1-year insurance contract....
On July 1, 2022, Sandhill Co. pays $23,000 to Blossom Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Company. Blossom 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...
On July 1, 2017, Carla Vista Co. pays $16,000 to Sheridan Company for a 1-year insurance...
On July 1, 2017, Carla Vista Co. pays $16,000 to Sheridan Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Sheridan Company. Sheridan 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 0 for the amounts. Credit...
Brief Exercise 3-06 On July 1, 2019, Oriole Co. pays $19,500 to Sheffield Insurance Co, for...
Brief Exercise 3-06 On July 1, 2019, Oriole Co. pays $19,500 to Sheffield Insurance Co, for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Sheffield Insurance Co. Sheffield uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in...
thank you
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the...
On
July 1, 2020, Pina Colada Corp. pays $19,500 to Kalter Insurance
Co. for a 3-year insurance contract. Both companies have fiscal
years ending December 31. Journalize and post the entry on July 1
and the adjusting entry on December 31 for Kalter Insurance Co.
Kalter uses the accounts Unearned Service Revenue and Service
Revenue. (Credit account titles are automatically indented when the
amount is entered. Do not indent manually. Record journal entries
in the order presented in the problem.)...
Brief Exercise 3-5 On July 1, 2015, Dobbs Co. pays $18,600 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Dobbs Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 - July 1 Prepaid Insurance Insurance Expense
CALCULATOR PRINTER VERSION HACK NEXT Brief Exercise 3-06 On July 1, 2020, Splish Brothers Inc, pays $24,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Uneared Service Revenue and Service Revenue (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal...
On July 1, 2019, Swifty Corporation pays $12.600 to Kalter Insurance Co.for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Swifty Corporation, journalize and post the entry on July 1 and the annual adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles Debit Credit Prepaid Insurance Insurance Expense
On July 1, 2019, Sunland Co. pays $15,500 to Cheyenne Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Cheyenne Insurance Co. Cheyenne uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round...
On July 1, 2022, Sandhill Co. pays $23,000 to Blossom Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Blossom Company. Blossom 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...
Brief Exercise 3-06 On July 1, 2019, Oriole Co. pays $19,500 to Sheffield Insurance Co, for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Sheffield Insurance Co. Sheffield uses the accounts Unearned Service Revenue and Service Revenue. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in...
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