account (urgent!!pls help)
posted by michelle .
[prepare journal entries for the year end adjustment]
A fire broke out in the office during the year. the insurance company agreed to pay compensation of $3000 to the company in December 2009.No entries for this compensation were made at the year end.This compensation of $3000 was finally received in January 2010
account (urgent!!pls help) -
* the year now is 31 dec 2011