Your answer is partially correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Sandhill Co.. Sandhill 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 O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation July 1 Prepaid Insurance Cash Dec. 31 Insurance Expense Prepaid Insurance eTextbook and Media List of Accounts Debit 21500 5375 Credit Your answer is incorrect. Post the entry on July 1 and the adjusting entry on December 31 for Sandhill Co.. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue MacBook Pro 21500 5375