Post the entry on July 1 and the annual adjusting entry on December 31 for Pharoah Co. (Post entries in the order of journal entries presented in the previous part.) Unearned Service Revenue 7/1 12/31 12/31 Bal. A Service Revenue On July 1, 2022, Oriole Co. pays $13,888 to Pharoah 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 Pharoah Co. Pharoah uses the accounts Unearned Service Revenue and Service Revenue. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit July 1 Prepaid Insurance 13888 Cash 1388 Dec. 31 A Insurance Expense 3472 Prepaid Insurance 347