The following events occurred for a company during the last two months of its fiscal year ended December 31, 2023:

Nov. 1 Paid $4,500 for future newspaper advertising.
1 Paid $7,800 for insurance through October 31 of the following year.
30 Received $6,600 for future services to be provided to a customer.
Dec. 1 Paid $5,850 for the services of a consultant, to be received over the next three months.
15 Received $12,100 for future services to be provided to a customer.
31 Of the advertising paid for on November 1, $1,780 worth had not yet been published by the newspaper.
31 Part of the insurance paid for on November 1 had expired.
31 Services worth $1,650 had not yet been provided to the customer who paid on November 30.
31 One-third of the consulting services paid for on December 1 had been received.
31 The company had performed $2,750 of the services that the customer had paid for on December 15.

Required
1. Prepare the November and December entries for the above activities under the approach that records prepaid expenses as assets and records unearned revenues as liabilities. Also, prepare adjusting entries at the end of the year.
2. Prepare the November and December entries under the approach that records prepaid expenses as expenses and records unearned revenues as revenues. Also, prepare adjusting entries at the end of the year.

Analysis Component:
Explain why the alternative sets of entries in requirements 1 and 2 do not result in different financial statement amounts.