Question 6 On July 1, 2017, Ling Co, pays $8,640 to Blossom Company for a 2-year insurance contract. Both companies have scal years ending December 31. For uing Co., enter the July 1 transaction and the December 31 adjustment in the tabular summary that follows. (If a transaction results in a decrease in Avata, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) n front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Stockholders' Equity Com Cash - Prepaid Insurance Stock Rev. Exp. DIV Dul. 1 (8,640) 8,640 Dec. 31 Bal. Click If you would like to Show Work for this question: Open Show Work