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how is this incorrect? On July 1, 2022, Blossom Company pays $15,128 to Ivanhoe Company for a 2 year insurance contract. Both companies have fiscal

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On July 1, 2022, Blossom Company pays $15,128 to Ivanhoe Company for a 2 year insurance contract. Both companies have fiscal years ending December 31 For Blossom Company, journalize the entry on July 1 and the annual adjusting entry on December 31. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation Debit Credit July 1 Cash 15,128 Uneared Service Revenue 15.128 Dec. 31 Unearned Service Revenue 3782 Service Revenue 3782

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