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Business, 28.02.2020 00:02 ammerismccormick52

On July 1, 2020, Cheyenne Corp. pays $21,900 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Cheyenne Corp., journalize and post the entry on July 1 and the annual adjusting entry on December 31.

For Cheyenne Corp., journalize and post the entry on July 1 and the adjusting entry on December 31.

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On July 1, 2020, Cheyenne Corp. pays $21,900 to Kalter Insurance Co. for a 3-year insurance contract...
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