On July 1, 2025, Marigold Co. pays $16,092 to Swifty Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31 . For Marigold Co4 journalize the entry on July 1 and the adjusting entry on December 31 . (Credit account titles ore automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter Ofor the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.)