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fill the charts PLUS weygandt, Financial Accounting, 10e Study & Practice Assign

ID: 2337489 • Letter: F

Question

fill the charts

PLUS weygandt, Financial Accounting, 10e Study & Practice Assignment Gradebook ORION Downloadable eTextbook Open Assignment CALCULATOR MES Your answer is partially correct. Try again. On July 1, 2019, Splish Brothers Inc. pays $24,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending Journalize and post the entry on July 1 and the adjusting entry on December 31 for Kalter Insurance Co. Kalter uses the accounts Unearned S amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) 3-7 Date Account Titles Debit Credit 3-74 uly 1 24,900 core Results by 24,900 Dec 31 4,150 4,150 Unearned Service Revenue Service Revenue SHOW LIST OF ACCOUNTS All Rights Reserved. A Division of

Explanation / Answer

1-Jul Cash 24900     Unearned service revenue 24900 31-Dec Unearned service revenue 4150 =24900/36*6      Service revenue 4150 Unearned service revenue 1-Jul 24900 31-Dec 4150 Service revenue 31-Dec 4150