ment (ACC 171-185 CALCULATOR NON Brief Exercise 3-05 On July 1, 2019, Carla Vista Co. pays $17,100 to Kingbird Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31 For Carta Vista Co., journalize and post the entry on July 1 and the 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. Round answers to decimal places. 5.275.) Date Account Titles and Explanation Debit Credit Prepaid Insurance Insurance Expense Click if you would like to Show Work for this question: Open Show Work