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On July 1, 2025. Vaughn Co, pays $15,552 to Bramble insurance Co, for a 3-year insurance policy. Both companies have fiscal years ending December 31.

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On July 1, 2025. Vaughn Co, pays $15,552 to Bramble insurance Co, for a 3-year insurance policy. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Bramble Insurance Co. Bramble uses the accounts Uncarned Service Revenue and Service Revenue. (Credit account titles are automotically indented when amount is entered. Do not indent manualiy. If no entry is required, select "No entry" for the account titles and enter of for the amounts: Record journal entries in the order presented in the problem. List all debit entries before credit entries.)

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