On July 1, 2019, Blossom Co. pays $23,000 to Splish Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. Journalize and post the entry on July 1 and the adjusting entry on December 31 for Splish Insurance Co. Splish uses the accounts Unearned Service Revenue and Service Revenue. (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 o decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit July 1 v Prepaid Insurance 23000 X Cash 23000 Dec. 31 Insurance Expense 2875 Prepaid Insurance 2875 Unearned Service Revenue 23000 12/31 2875 X 12/31 Bal. Service Revenue 12/31 2875