On July 1, 2025, Wildhorse Co. pays $22,500 to Cheyenne Insurance Co, for a 1-year insurance contract. Both companies have fiscal years ending December 31. (a1) Journalize the entry on July 1 and the adjusting entry on December 31 for Cheyenne Insurance Ca. Cheyenne uses the accounts Unearned Service Revenue and Service Revenue. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the eccount tities and enter O for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.) On July 1, 2025, Wildhorse Co. pays $22,500 to Cheyenne Insurance Co, for a 1-year insurance contract. Both companies have fiscal years ending December 31. (a1) Journalize the entry on July 1 and the adjusting entry on December 31 for Cheyenne Insurance Ca. Cheyenne uses the accounts Unearned Service Revenue and Service Revenue. (List all debit entries before credit entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the eccount tities and enter O for the amounts. Credit account tities are automatically indented when the amount is entered. Do not indent manually.)