On July 1, 2025, Swifty Co. pays $14,328 to Nash Insurance Co. for a 3-year insurance policyBoth companies have fiscal years ending December 31. For Swifty journalize the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when amount is entered. Do not indent manuallyIf no entry is required, select No entryfor the account titles and enter O for the amountsRecord journal entries in the order presented in the problem. List all debit entries before credit entries)