On july 1 2014 crowe co pays 24000 to zubin insurance co, Financial Accounting

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On july 1 2014 crowe co pays 24000 to zubin insurance co

On July 1, 2014, Crowe Co. pays $24,000 to Zubin Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Zubin Insurance Co. Zubin uses the accounts Unearned Service Revenue and Service Revenue.

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Financial Accounting: On july 1 2014 crowe co pays 24000 to zubin insurance co

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Financial Accounting: On july 1 2014 crowe co pays 24000 to zubin insurance co

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