On July 1, 2022, Sheridan Company pays $ 18,500 to Wildhorse Co.for a 2-year insurance contract. Both companies havfiscalyears ending December 31 Your answer is partially correct. Journalize the entry on July 1 and the adjusting entry on December 31 for Wildhorse Co. Wildhorse 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 18500 Bish Unearned Service Revenue 18500 Dec. 31 Unanud Service Ravenue 425 Service Revenue Question 1 of 4 > 0.47/1 Your answer is partially correct. Post the entry on July 1 and the adjusting entry on December 31 for Wildhorse Co. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue 1850 7/1 4625 13875 Service Revenue 12/31 4625 e Textbook and Media List of Accounts Attempts: 1 of 3 used Submit Answer Save for Later