On June $1,2024,$ Mary Ltd$.$ pays $$6,960$ to Winds Insurance Corp. for a one$-$year insurance policy. Both companies have fiscal years

ending December $31$ and adjust their accounts annually.Record the June $1$ transaction on the books of $(1)$ Mary and $(2)$ Winds. $($Credit account titles are automatically indented when amount

is entered. Do not indent manually. List debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and

enter $0$ for the amounts.$)$

$(1)$ Mary Ltd$.$

Date Account Titles and Explanation

Debit

Credit

June $1$

$(2)$ Winds Insurance Corp.

Date Account Titles and Explanation

Debit

Credit

June $1$