Brief Exercise 3-06 on July 1, 2019, Cullumber Co. pays $24,000 to Pharoah Insurance Co. for 3 4 year insurance contract. Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the adjusting entry on December 31 for Pharoah Insurance Co. Pharoah uses the accounts Uneared Service Revenue and Service Revenge. (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. Round answers to o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Unearned Service Revenue Service Revenue