Question: Using the data in BE3.3, journalize the entry on July 1 and the adjusting entry on December 31 for Zubin Insurance. Zubin uses the accounts

Using the data in BE3.3, journalize the entry on July 1 and the adjusting entry on December 31 for Zubin Insurance. Zubin uses the accounts Unearned Insurance Revenue and Insurance Revenue.
On July 1, 2019, Crowe NV pays €15,000 to Zubin Insurance for a 3-year insurance policy. Both companies have fiscal years ending December 31. For Crowe NV journalize the entry on July 1 and the adjusting entry on December 31.

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