On July $1,2025,$ Skysong Co$.$ pays $\backslash (\backslash$$ $21,696\backslash )$ to Concord Insurance Co$.$ for a $4-$year insurance policy. Both companies have fiscal years ending December $31.$ Journalize the entry on July $1$ and the adjusting entry on December $31$ for Concord Insurance Co$.$ Concord uses the accounts Unearned Service Revenue and Service Revenue. $($Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No entry" for the account titles and enter $0$ for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.$)$