On June 1, 2021, Kimberly Ltd. pays $5,640 to Brothers Insurance Corp. for a one-year insurance policy. Both companies have fiscal years ending December 31 and adjust their accounts annually. Prepare the adjusting entry required on December 31 by (1) Kimberly and (2) Brothers. (List all debit entries before credit entries. Credit account titles are automatically intended when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (1) Kimberly Ltd. Date Account Titles and Explanation Debit Credit Dec. 31 (2) Brothers Insurance Corp. Date Account Titles and Explanation Debit Credit Dec. 31