On July $1,2022,$ Sandhill Co$.$ pays $$29,800$ to Whispering Insurance Co$.$ for a $4-$year insurance contract. Both companies have fiscal years ending December $31.$

the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

Unearned Service Revenue

Unearned Service Revenue

Service Revenue

Prepaid Insurance

Insurance Expense