On July $1,2027.$ Cullumber Ca$,$ pays $$13,400$ to Marigold Insurance Ca$.$ for a $4$ year insur ince contract. Both comparleshave fiscal years ending December $31.$

Journallze and post the entry on July $1$ and the annual adjusting entry on December $31$ for Marigold Insurance Co$.$ Marl gold uses the accounts Unearned Service Revenue and Service Revenue. $($Lhst oll debit entries before credit entries. Credit account tides are outometicelly Indented when the amount Is entered. Do not indent manuaty. Record jowrnat entries in the order presented in the probtem$)$

Date

$$ Prepaid livaurance

Cash

Irsurance Experve

$$

$$

$$

$$

$$

Unearned Service Revenue

$$

$$

$$

$$

$$ Service Revenue

$$