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Title: Prepare journal entries to record the following transactions regarding a fire in Post by: goji.go on Oct 20, 2014 Prepare journal entries to record the following transactions regarding a fire insurance policy purchased by Chang Electronics. Chang's business operates on a calendar-year basis.
a. April 1, 2013 - Chang arranges to buy fire insurance. He receives a bill for $10,000 for an insurance policy that covers the period April 1, 2013 through March 31, 2014. b. April 10 - Chang pays the insurance bill. c. December 31- Chang prepares financial statements for the year ended. December 31, 2013. He prepares an adjusting entry regarding insurance. Title: Re: Prepare journal entries to record the following transactions regarding a fire in Post by: f_zah1 on Oct 23, 2014 Content hidden
Title: Re: Prepare journal entries to record the following transactions regarding a fire in Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: Prepare journal entries to record the following transactions regarding a fire in Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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