On July 1 ,2010 Spahn Co, pays $18,000 to Randle Insurance co. For 3year insurance contract. Both companies have fiscal years ending December 31. Prepare the journal entry on July 1 on and the adjusting entry on December 31 for Randle insurance Co
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On July 1 ,2010 Spahn Co, pays $18,000 to Randle Insurance co. For 3year insurance contract. Both companies have fiscal years ending December 31. Prepare the journal entry on July 1 on and the adjusting entry on December 31 for Randle insurance Co
This is a duplicate post and has been answered in the other post.
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