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Prepare adjusting entry for uneamed revemue. BE3.8 (LO 2), AP On July 1, 2022, Ling Co. pays $12,400 to Marsh Insurance Co. for a 2-year

Prepare adjusting entry for uneamed revemue. BE3.8 (LO 2), AP On July 1, 2022, Ling Co. pays $12,400 to Marsh Insurance Co. for a 2-year insurance contract, Both companies have fiscal post the entry on July 1 and the annual adjusting entry on December 31 for Marsh Insurance Co. Marsh uses the accounts Unearned Service Reve Prepare adjusting entries for deferrals

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