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Mak company purchased 2 years insurance form an insurance company named Wer company amounting to 240,000...

Mak company purchased 2 years insurance form an insurance company named Wer company amounting to 240,000 on June 1, 2016.

a. Record the entries to adjust the expense of Dec. 31 2017, 2018,2019.

b. Record the entries to adjust the revenues of Dec. 31 2017, 2018,2019.

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