Your Task: I need help to fill out the rest of the boxes. Please be sure to fill out all the necessary boxes. I understand some are outlined in red (wrong answers). But some of the blank boxes could be required to be filled out too.

Format: Please output the solution in a similar format to the images.

Assignment Question:

On July 1, 2022, Wildhorse Co. pays $13,000 to Blossom Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31.

For Wildhorse Co., journalize and post the entry on July 1 and the annual adjusting entry on December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Thank you so much for your time!

Your answer is partially correct. On July 1, 2022, Wildhorse Co. pays $13,000 to Blossom Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31 For Wildhorse Co., journalize and post the entry on July 1 and the annual adjusting entry on December 31. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)