Question: On July 1 , 2 0 2 5 , Bramble Co . pays $ 1 5 , 9 4 8 to Sunland Insurance Co .

On July 1,2025, Bramble Co. pays $15,948 to Sunland Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Sunland Insurance Co. Sunland uses the accounts Unearned Service Revenue and Service Revenue. (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.)
On July 1,2025, Bramble Co. pays $15,948 to Sunland Insurance Co.

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