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Need the red borderlined answers. On July 1, 2025, Sunland C0, pay...

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Accounting

Need the red borderlined answers. image
On July 1, 2025, Sunland C0, pay $10,488 to Coronado Insurance C0, for a 2 -year insurance policy, Both companies have fiscal years ending December 31. For \$unland Co, journalize the entry on July 1 and the adjusting entry on December 31 . (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the occount titfes and enter Ofor the omounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)

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