Question: how do i do part 2 On July 1, 2022, Crane Company pays $19,000 to Oriole Company for a 2-year insurance contract. Both companies have

On July 1, 2022, Crane Company pays $19,000 to Oriole Company for a 2-year insurance contract. Both companies have fiscal years ending December 31 (a1) Your Answer Correct Answer (Used) Your answer is partially correct. For Crane Company, journalize the entry on July 1 and the annual adjusting entry on December 31. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Date Account Titles and Explanation 12000 July 1 2 Cash 1900 Unearned Service Revenue 4750 Dec. 31 Cash 95 Unearned Service Revenue Assistance used Attempts: 2 of 2 used (a2) For Crane Company, post the entries passed on July 1 and December 31. (Post entries in the order of journal entries presented in the previous part.) Prepaid Insurance 7/1 Insurance Expense Assistance Used e Textbook and Media List of Accounts
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