On July 1, 2017, Blossom Company pays $18,000 to Sunland Company for a 2-year insurance contract. Both companies have fiscal years ending December 31 se ct NOEnty, r For Blossom Company, journalize the entry on July 1 und adusting entry on December 31. Recordjourna e tres in the or er presente mu iepro em. l?n entry s re the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) re Date Account Titles and Explanation Debit Credit SHOW LIST OF ACCOUNTSs LTNK TO TEXT For Blossom Company, post the entries passed on July 1 and December 31. (Post entries in the order of journal entries presented in the previous part.)