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Current Attempt in Progress On July 1. 2022 Carla Vista Co. pays 525,600 to Kingbird Inourance Co. for a 4 year insurance contract Both companies

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Current Attempt in Progress On July 1. 2022 Carla Vista Co. pays 525,600 to Kingbird Inourance Co. for a 4 year insurance contract Both companies have fiscal years ending December 31 Journalize and post the entry on July 1 and the annual adjustingentry on December 31 for Kingbird insurance Co. Kingbird uses the accounts Unearned Service Revenue and Service Revenue (List all debit entries before credit entries Oredit occount tities are outomaticalf indented when the amount is entered. Do not indent manuolly Record journal entries in the order presented in the problem.)

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