Current Attempt in Progress

On July $1,2022,$ Blossom Company pays $$15,128$ to Ivanhoe Company for a $2-$year insurance contract. Both companies have fiscal years ending December $31.$

For Blossom Company, post the entry on July $1$ and the annual adjusting entry on December $31.($Post en journal entries presented in the previous part.$)$

$\backslash$table$[[$Prepaid Insurance,$],[,,]]$