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on july 1,2019, crane co. pays $18000 to Bramble Insurance Co, for a 4 years...

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Accounting

on july 1,2019, crane co. pays $18000 to Bramble Insurance Co, for a 4 years insurance contract. Both companies have fiscal years ending December 31. journalize and post entry on july 1 and adjusting entry on December 21 for Bramble Insurance Co Bramble uses the account Unearned Service Revenue and service revenue.

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