View Policies Show Attemot History Current Attempt in Progress On July 1, 2022, Pharoah Company pays $15,872 to Crane Company for a 2-year insurance contract. Both companies have focal years ending December 31 (a1) Your answer is partially correct. For Pharoah Company journalize the entry on July 1 and the annual adjusting entry on December 31 econf journal entries in the order presented in the problem. Credit account titles are automatically indented when the amount is entered. Do not indent manually Date Account Titles and Explanation Debit Credit 1.31 -> 4