3.52/4 Question 23 View Policies Show Attempt History Current Attempt in Progress On July 1, 2017 Carla Vista Co. pays $16,000 to Sheridan Company for a 1-year 31. urance contract. Both companies have fiscal years ending December Your answer is partially correct. For Carla Vista Co, post the entries passed on July 1 and December 31. (Post entries in the order of journal entries presented in the previous part.) Prepaid Insurance 712C 1 6.000 16,000 12/31 12/31 8.000 8.000 12/31 Ball 12/31 Bal. Insurance Expense 12/31 .000 Texthank and Media