Question: On July 1 , 2 0 2 5 , Windsor Co . pays $ 1 3 , 9 3 2 to Sheridan Insurance Co .

On July

1, 2025,

Windsor Co

.

pays $

13, 932

to Sheridan 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 Sheridan Insurance Co

.

Sheridan 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 O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries

)

On July 1 , 2 0 2 5 , Windsor Co . pays $ 1 3 , 9

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