View Policies Current Attempt in Progress On July 1, 2019, Blossom Co. pays $12,000 to Nash's Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. For Blossom Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Prepaid Insurance Insurance Expense Submit Answer V eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used View Policies Current Attempt in Progress On July 1, 2019, Blossom Co. pays $12,000 to Nash's Insurance Co. for a 4-year insurance contract. Both companies have fiscal years ending December 31. For Blossom Co., journalize and post the entry on July 1 and the adjusting entry on December 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit Prepaid Insurance Insurance Expense Submit Answer V eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used