On July 1, 2025, Concord Co. pays $14.760 to Marigold Insurance Co. for a 3 -year insurance policy Both companies have fiscal years ending December 31. For Concord Co., journalize the entry on July 1 and the adjusting entry on December 31 . (Credit account tities are automatically indented when amount is entered. Do not indent monually. If no entry is required, select "No entry" for the occount titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credlt entries)