On July 1, 2022, Oriole Co. pays $ 13,200 to Sheffield Corp. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Oriole Co., enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets = Liabilities + Cash Prepd. Ins. = Com. Stock Jul. 1 Dec. 31 Adj. Bal. On July 1, 2022, Oriole Co. pays $ 13,200 to Sheffield Corp. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Oriole Co., enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) + Stockholders' Equity Com. Stock + Rev. Exp. (Ins.) Div. e Textbook and Media