On July 1,2025, Sandhill Co. pays $21,840 to Grouper Insurance Co. for a 2 -year insurance contract. Both companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Grouper Insurance Co. Grouper 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 account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) eTextbook and Media List of Accounts Post the entry on July 1 and the adjusting entry on December 31 for Grouper Insurance Co. (Post entries in the order of journal entries presented in the previous part.) Post the entry on July 1 and the adjusting entry on December 31 for Grouper Insurance Co. (Post entries in the order of journal entries presented in the previous part.)