Ssume that on february 1 procter amp gamble paid 747000 in


Assume that on February 1, Procter & Gamble (P&G) paid $747,000 in advance for 1 years' insurance coverage.

Prepare P&G's February 1 journal entry and the annual adjusting entry on June 30

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Financial Accounting: Ssume that on february 1 procter amp gamble paid 747000 in
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