On July 1, 2022, Cullumber Co. pays $13,400 to Marigold Insurance Co. for a 4 -year insurance contract. Both companies have fiscal years ending December 31 . For Cullumber Co. journalize and post the entry on July 1 and the annual adjusting entry on December 31 . (List all debit entries before credit entries. Credit account tities are automatically indented when the amount is entered. Do not indent manualk Record journal entries in the order presented in the problem.) Prepaid Insurance Insurance Expense eTextbook and Media List of Accounts Attempts, 0 of 1 used Subanet