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Brief Exercise 4-7 (Part Level Submission) On July 1, 2017, Crane Company pays $19,000 to Oriole Company for a 1-year insurance contract. Both companies have

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Brief Exercise 4-7 (Part Level Submission) On July 1, 2017, Crane Company pays $19,000 to Oriole Company for a 1-year insurance contract. Both companies have fiscal years ending December 31. (b) Post the entry on July 1 and the adjusting entry on December 31 for Oriole Company. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue Service Revenue

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