This is a practice problem i am strugling with, any help would be useful. Thanks in adavance.

On July 1,2025, Oriole Co, pays $$13, 920$ to Bramble Insurance Co. for a 1-year insurance contract. Both companies have fiscal years ending December 31 Post the entry on July 1 and the adjusting entry on December 31 for Bramble Insurance Co. (Post entries in the order of journal entries presented in the previous part.)

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This is a practice problem i am strugling with, any help would be useful. Thanks in adavance.

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On July 1,2025, Oriole Co, pays

$13, 920

to Bramble Insurance Co. for a 1-year insurance contract. Both companies have fiscal years ending December 31 Post the entry on July 1 and the adjusting entry on December 31 for Bramble Insurance Co. (Post entries in the order of journal entries presented in the previous part.)

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