On July 1,2025, Flint Co. pays $18,000 to Crane Insurance Co. for a 2-year insurance contract. Both companies have fiscal years ending December 31. For Flint Co., journalize the entry on July 1 and the annual adjusting entry on December 31 . (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 account titles and enter Ofor the amounts. Credit occount titles are automatically indented when the amount is entered. Do not indent manually.) For Flint Co., post the entries passed on July 1 and December 31. (Post entries in the order of journal entries presented in the previous part