Using the form below,record each of the following 2012 transactions for Craig 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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The Answer of Using the form below,record each of the following 2012 transactions for Craig 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 2012 Transactions