On July $1,2025,$ Pharoah Co$,$ pays $\backslash (\backslash$$ $19,920\backslash )$ to Riverbed Insurance Co$.$ for a $2-$year insurance contract. Both companies have fiscal years ending December $31.($a$1)$ Your answer is correct. Journalize the entry on July $1$ and the adjusting entry on December $31$ for Riverbed insurance Co$.$ Rherbed uses the accounts Unearned Service Revenue; and Service Revenue. $($Uist all debit entries before credit entries. Record journol entries in the onder presented in the problem. If no entry is required, select $"$No Entry" for the occount titles ond enter Ofor the amounte. Credit account titles are dutometically indented when the amount is entered. Do not indent monuollydPost the entry on July $1$ and the adjusting entry on December $31$ for Riverbed Insurance Co$.($Post entries in the order of journal entries presented in the previous part.$)$

Your answer is partially correct.

Post the entry on July $1$ and the adjusting entry on December $31$ for Marsh Insurance Co$.($Post entries in the order of journal entries presented in the previous part.$)$

Unearned Service Revenue

Service Revenue

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List of Accounts