On July 1, 2022, Blossom Company pays $18,000 to Sunland Company for a 2-year insurance contract. Both companies have fiscal years ending December 31. (a1) For Blossom Company, journalize the entry on...




On July 1, 2022, Blossom Company pays $18,000 to Sunland Company for a 2-year insurance contract. Both companies have fiscal years ending December 31.




(a1)












For Blossom Company, journalize the entry on July 1 and the annual adjusting entry on December 31.
(Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)









































Date



Account Titles and Explanation



Debit



Credit


choose a transaction date                                                                       July 1Dec. 31


enter an account title


enter a debit amount


enter a credit amount


enter an account title


enter a debit amount


enter a credit amount


choose a transaction date                                                                       July 1Dec. 31


enter an account title


enter a debit amount


enter a credit amount


enter an account title


enter a debit amount


enter a credit amount










Jun 02, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?