On July 1, 2025, Cullumber Co. pays $18,480 to Pina Colada Insurance Co. for a 2-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 Pina Colada Insurance Co. Pina Colada uses the accounts Unearned Service Revenue and Service Revenue. Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) Date Account Titles and Explanation July 1 Dec. 31 v eTextbook and Media List of Accounts Debit 18.490 4,620 Credit 18400 4620 Your answer is partially correct Post the entry on July 1 and the adjusting entry on December 31 for Pina Colada Insurance Co (Post entries in the order of journal entries presented in the previous part) Unearned Service Revenue) 4420 Service Revenue