Brief Exercise 3-3 On July 1, 2017, Vaughn Co. pays $14,280 to Bramble Insurance Co. for a 3-year insurance polcy, Both companies have fiscal years ending December 31. For Vaughn Co, journalze the entry on eeten July 1 and the adjustng entry on December 31. (Credit account ttles are automatically indented when am e entry" for the accoemt heles and enter for the amounts Record journal entries in the order presented in the prod De mot indent manually, f no entry is required, select "No Acceunt Titles and Explanation Debt Dete Creda By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor