Question: need help with be3-6 BE3-6 Using the data in BE3-5, journalize and post the entry on July 1 and the adjusting entry on December 31

need help with be3-6

BE3-6 Using the data in BE3-5, journalize and post the entry on July 1 and the adjusting entry on December 31 for Cruz Insurance Co. Cruz uses the accounts Unearned Service Revenue and Service Revenue. BE3-5 On July 1, 2017, Major Co. pays $15,120 to Cruz Insurance Co. for a 3-year insur- ance contract. Both companies have fiscal years ending December 31. For Major Co., jour- nalize and post the entry on July 1 and the adjusting entry on December 31

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