Question: B Current Attempt in Progress On July 1, 2025, Crane Co. pays $12,480 to Marigold Insurance Co. for a 2-year insurance contract. Both companies have

B Current Attempt in Progress On July 1, 2025, Crane Co. pays $12,480 to Marigold Insurance Co. for a 2-year insurance contract. Both companies have fis ending December 31. (a1) Journalize the entry on July 1 and the adjusting entry on December 31 for Marigold Insurance Co. Marigold uses the accc Unearned Service Revenue and Service Revenue. (List all debit entries before credit entries. Record journal entries in order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit

On July 1, 2025, Crane Co. pays $12,480 to Marigold Insurance Co. for a 2-year insurance contract. Both companies have fi ending December 31. (a1) Journalize the entry on July 1 and the adjusting entry on December 31 for Marigold Insurance Co. Marigold uses the acc Unearned Service Revenue and Service Revenue. (List all debit entries before credit entries. Record journal entries order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for th amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually

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