On July 1, 2025, Whispering Co. pays $10752 to Metlook Insurance Co. for a 2-year insurance policy. Both Companies have fiscal years ending December 31.

 On July 1, 2025, Whispering Co. pays $10752 to Metlook Insurance Co. for a 2-year insurance policy. Both Companies have fiscal years ending December 31. Journalize the entry on July 1 and the adjusting entry on December 31 for Metlock Insurance Co. Metlock uses the accounts Unearned service Revenue and Service Revenue.

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