Journalize the following transactions for the Evans Company. Assume the company uses a perpetual inventory system.
Definitions:
Expected Rate
Expected rate typically relates to the anticipated return or yield on an investment over a specific period.
Probability
A quantification of the chance that an event happens, represented by a numerical value ranging from 0 to 1.
Annual Returns
The percentage change in an investment's value over a one-year period, taking into account both capital gains and dividends.
Probability
The measure of the likelihood that an event will occur, quantified between 0 and 1.
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