Your answer is partially correct.

On July $1,2027,$ Ivanhoe Co$.$ pays $$13,800$ to Tamarisk Insurance Co$.$ for a $4-$year insurance contract. Both companies have fiscal years ending December $31.$

Journalize and post the entry on July $1$ and the annual adjusting entry on December $31$ for Tamarisk Insurance Co$.$ Tamarisk uses the accounts Unearned Service Revenue and Service Revenue. $($List all debit entries before credit entries. Credit account titles are outomatically indented when the amount Is entered. Do not indent manually. Record journal entries in the order presented in the protiem.$)$

$\backslash$table$[[$Date$,$Account Titles and Explanation,Debit,Credit$],[,$Cash,,$],[,$Unearned Service Revenue,,$],[,$Unearned Service Revenue,,$],[,$Service Revenue,,$]]$Unearned Service Revenue

$\backslash$table$[[,,,]]$

Service Revenue