Prepare the adjusting entry required on December 31 by (1) Susan and (2) Colada. (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) Susan Ltd. (2) Colada Insurance Corp. On June 1, 2024, Susan Ltd. pays $7,080 to Colada Insurance Corp. for a one-year insurance policy. Both companies have fiscal years ending December 31 and adjust their accounts annually