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Prepare journal entry and the annual adjusting entry

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Reference no: EM131140032

Assume that on February 1, Procter & Gamble (P&G) paid $747,000 in advance for 1 years' insurance coverage.

Prepare P&G's February 1 journal entry and the annual adjusting entry on June 30

Reference no: EM131140032

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Prepare journal entry and the annual adjusting entry : ssume that on February 1, Procter & Gamble paid $747,000 in advance for 1 years' insurance coverage. -Prepare P&G's February 1 journal entry.
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