Current Attempt in Progress

On July $1,2025,$ Novak Co$.$ pays $$10,200$ to Splish Insurance Co$.$ for a $2-$year insurance policy. Both companies have fiscal years ending December $31.$ For Novak Co$.,$ journalize the entry on July $1$ and the adjusting entry on December $31.($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Date Account Titles and Explanation