CALCULATOR FULL SCREEN PRINTER VERSION 4 BACK NEXT Brief Exercise 4-6 On July 1, 2017, Ling Co. pays $12,400 to Marsh Insurance Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Ling Co., jou the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) rnalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in Date Account Titles and Explanation Debit Credit 12,400 July 1 Cash 12,400 Unearned Service Revenue 3,100 Dec. 31 Unearned Service Revenue 3,100 Service Revenue 446 PM