I need the answer as soon as possible Prepare a General Journal entry for the following transaction:On December 17. On Your Mark paid $1,500 to Keystone Insurance Company toward the premium for a six-monthinsurance policy, check No. 1001.

Introduction: Journals: 1 ) All the business transactions are to be recorded in Journals. 2 )…

Answered: On December 17, On Your Mark paid…

On December 17, On Your Mark paid $1.500 to Keystone Insurance Company toward the premium for a six-month insurance policy, check No. 1001.

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

ChapterD: Notes Payable And Notes Receivable

Section: Chapter Questions

Problem 5P

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