On July 1, 2022, Larkspur NV pays 10,960 to Cullumber Insurance for a 2-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 Cullumber Insurance. Cullumber uses the accounts Unearned Insurance Revenue and Insurance 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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit