OnJuly 1, 2022, Crane Co. pays $16,000 to Bramble Insurance Co. for a4 year insurance contract. Both companies have fiscal years endingDecember 31.For Crane Co., journalize and post the entry on resered in der probion?On July 1, 2022. Crane Co, pays \( \$ 16,000 \) to Bramble insurance Co. for a 4-year insurance contract. Both companies hwve focal years ending December 31 For Crane Co. jour 2 answers