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Write down the journal entries for each transaction

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Reference no: EM131822853

Write down the journal entries for each transaction/information given and state the type of adjusting entries involved (Assume that the companies' accounting period ends at 31 December).

Scenario A:

McD Ltd acquired a six-month insurance coverage for its properties on September 1, 2014 for a total of $600 000.

Reference no: EM131822853

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