CALCULATOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 3-05 On July 1, 2020, Marigold Corp. pays $13,200 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal years ending December 31. For Marigold Corp, journalize and post the entry on July 1 and the annual adjusting entry on December 31. (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.) Account Titles Credit Date Debit Prepaid Insurance Insurance Expense Click if you would like to Show Work for this question: Open Show Work