On July 1,2017, Crane Company pays $ 12,000 to Wildhorse Co. for a 1-year insurance contract. Both companies have fiscal years ending December 31. For Crane Company.journalize the entry on July 1 and adjusting entry on December 31. (Record journal entries in the order presented in the problem i no entry is required, select "No Entry for the account titles and enter O for the amounts, Credit account titles are autormatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Attempts: 0 of 2 used MacBook Ai