Question: Journalize the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. Marsh uses the accounts Unearned Service Revenue and

Journalize the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. Marsh uses the accounts Unearned Service Revenue and Service Revenue (Record journal entries in the order presented in the problem. If no enby is requin select To Entry for the account titles and enter for the amounts. Credit account thesare automatically indented when the amount is entered. Do not Indent manually Date Account Titles and Explanation Debit Credit uly 1 Prepaid Insurance 12400 Cash 124 lec. 31 Insurance Expense 3100 Prepaid Insurance 31 e Textbook and Media List of Accounts Your answer is partially correct. Post the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. (Post entries in the order of journal entries presented in the previous part) Unearned Service Revenue 12/21 9300 9300 Service Revenue Post the entry on July 1 and the adjusting entry on December 31 for Marsh Insurance Co. (Post entries in the order of journal entries presented in the previous part) Uneared Service Revenue 9300 12/31 9300 Service Revenue 7/1 12400 3100
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