Dec 29 purchased a 12 month public libility insurance policy9600. this policy protects the company against liability for injuries and property damage caused by its equipment. however thepolicy goes into effect on january 1 2008 and afford no coveragefor the injuries sustained by kevin davenport on december26..
dec31 recived bill frrom universal utilities for the month ofdecember 700 payment due in 30 days.
dec 31 equipment rental fee earned druring the second half ofdecember amounted to 20,000 of which 15600 was received incash....
please these one cant figure out how to prepare journal entries for these please help me.