ment CALaaLATOR : PRINTER VERSTON BACK Brief Exercise 4-6 On July 1, 2017, Ling Co. pays $17,760 to Whispering Winds Corp. for a 2-year insurance contract. Both companies enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (f a transaction results in a decrease in Assets, Liabilities or Stockholders Equity, place a negative sign Cor parentheses) in front of the amount entered for the particular Asset, Llability or Equity item that was have fiscal years ending December 31. For Ling Co, reduced.) Assets Liabilities Stockholders' Equity Com. StockRev Cash -Prepaid Insurance Rev.Exp. Div. Jul. 1 Dec. 31 Bal. Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Attempts: 0 of 3 used SAV FR LATER SUBMIT ANSWER Privacy Policy 200:201E2onny tierssons,Jec, All Rights Reserved. A Division of JohnylexA Sonats 1