On July 1, 2022, Oriole Company pays $14,000 to Carla Vista Co. for a 1-year insurance contract. Both companies have fiscal years ending December 31.

New attempt is in progress. Some of the new entries may impact the last attempt grading.Your answer is partially correct.

Journalize the entry on July 1 and the adjusting entry on December 31 for Carla Vista Co.. Carla Vista uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Date	Account Titles and Explanation	Debit	Credit
choose a transaction date July 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount
choose a transaction date July 1Dec. 31	enter an account title	enter a debit amount	enter a credit amount
	enter an account title	enter a debit amount	enter a credit amount