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On July 1, 2019, Ivanhoe Co. pays $19,700 to Tamarisk Insurance Co. for a 4-year...

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Accounting

On July 1, 2019, Ivanhoe Co. pays $19,700 to Tamarisk Insurance Co. for a 4-year ins ending December 31. For Ivanhoe Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Date A Account Titles and Explanation Prepaid Insurance Insurance Expense Debit 10 Credit
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For Ivanhoe Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round onswers to 0 decimal places, e.8. 5,275.)

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