On July 1, 2022, Ivanhoe Co. pays $13,392 to Oriole Insurance Co.for a 2-year insurance contract. Both companies have fiscal years ending December 31. (a) For Ivanhoe Co., journalize the entry on July 1 and the annual adjusting entry on December 31. (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. If no entry is required, select "No Entry"for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit