paid 3,000,000 cash for an insurance policy covering the next 12 months (70% for office...

70.2K

Verified Solution

Question

Accounting

image
paid 3,000,000 cash for an insurance policy covering the next 12 months (70% for office equipment, 30% for employee insurance) starting july 1 2020 June 30 2021 make a journal entry for this case

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students