Answer the incorrect part

Qn July 1, 2022, Sheridan Company pays $12,500 to Oriole Company for a 2-year insurance contract. Both companies have fiscal years ending December 31 . Journalize the entry on July 1 and the adjusting entry on December 31 for Oriole Compary Oriole uses the accounts Uneamed Service Reverwe and Service Revenue. Record joumal entrles in the order presented in the problem if no entry is requlred, solect "No Entry" for the occount titles and enter Ofor the amounts. Crefit account titbes are automaticaly indented when the amount is entered, Do not indent manually] Post the entry on July 1 and the adjusting entry on December 31 for Oriole Company. (Post entries in the order of joumal entries presented in the previous part.)