Question: Please answer problem #20, SHOWING ALL WORK ACCORDINGLY FOR ALL SECTIONS. Thank you! On July 1, 2022. Crane Company pays $19,000 to Oriole Company for

Please answer problem #20, SHOWING ALL WORK ACCORDINGLY FOR ALL SECTIONS. Thank you!

On July 1, 2022. Crane Company pays $19,000 to Oriole Company for a 2-year insurance contract. Both companies have fiscal ending December 31. (a1) Journalize the entry on July 1 and the adjusting entry on December 31 for Oriole Company, Oriole uses the accounts Unearn Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is requi select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit

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