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Using the Form Below, Record Each of the Following 2013

Question 114

Essay

Using the form below, record each of the following 2013 transactions for Morris Corporation:
a) Nov. 1. Received cash from clients for services to be performed over the next six months, $6,000.
b) Nov. 1. Paid $600 for a 12-month insurance policy.
c) Dec. 31. Recorded expiration of two months of the insurance.
d) Dec. 31. Earned $2,000 of the amount received from clients in November. Using the form below, record each of the following 2013 transactions for Morris Corporation: a) Nov. 1. Received cash from clients for services to be performed over the next six months, $6,000. b) Nov. 1. Paid $600 for a 12-month insurance policy. c) Dec. 31. Recorded expiration of two months of the insurance. d) Dec. 31. Earned $2,000 of the amount received from clients in November.

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