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 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 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 July 1 14000 10000 Dec 31 - 7000 7000 Your answer is partially correct. Post the entry on July 1 and the adjusting entry on December 31 for Carla Vista Co. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue 12/31 Bal. 7000 Service Revenue 7000