Business, 01.02.2021 21:50 kathyc53

On July 1, 2022, Blossom Company pays $14,500 to Cullumber Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Cullumber Company.

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On July 1, 2022, Blossom Company pays $14,500 to Cullumber Company for a 1-year insurance contract....