Question: Please answer problem #20, SHOWING ALL WORK ACCORDINGLY ON 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 ON ALL SECTIONS. Thank you!

you! On July 1, 2022, Crane Company pays $19,000 to Oriole Company

On July 1, 2022, Crane Company pays $19,000 to Oriole Company for a 2-year insurance contract. Both companies have fiscal years ending December 31. (21) Your answer has been saved. See score details after the due date. Journalize the entry on July 1 and the adjusting entry on December 31 for Oriole Company, Oriole uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, 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 July 1 . Cash 19,000 Unearned Service Revenue 19.000 Dec. 31 Unoarned Service Revenue 4.750 Service Revenue 4.750 Post the entry on July 1 and the adjusting entry on December 31 for Oriole Company. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue Service Revenue

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