PRIN ACCTG 1&2 (ACCT 201 Gradebook ORION Downloadable eTextbook nt Brief Exercise 4-7 On July 1, 2017, Ling Co. pays $12,720 to Kingbird, Inc. for a 2-year insurance contract. Both companies have fiscal years ending in the tabular f a transaction results in a decrease in Assets, Liabilifes or Stockholders Equity, place a negative sign (or parent uity, place a negative sign (or parentheses) in front of the amount entered for the r Asset, Liability or Equity item that was reduced.) Liabilities Stockholders' Equity Com + Stock+ unearned Serv. Rev +Rev Exp Div Jul. 1 Dec. 31 Click if you would like to Show Work for this question: Open Show Work SAVE FOR LATER Question Attempts: 0 of 10 used All Rights 6:49 PM ype here to search F8 F9 F5 F6 0