1- Prepare journal entries for the following transactions. Then indicate the effect (+ or -) of the journal entry on the accounting equation. Use the table on the following page 1- March 1: The XYZ Company signed a 6 month rent of a building, which is effective March1. XYZ Company prepaid the full amount of the 6 month rent for $24,000. 2- March 1: XYZ Company purchased $5000 of office supplies for cash. 3- March 2: XYZ Company received $6000 from its customers, and agreed to provide services for the next 2 months (including this month). 4- March 30: XYZ Company received its utilities bill of $100, which will be paid April 1011 +2. Prepare the adjusting journal entries to record for each of the situations below: ACCOUNT NAME Debit Credit Assets - Liabilities Equity Prepaid rent 1- March 24,000 Cash 24,000 1- March Office supplies 5000 Cash 5000 2- March Revenue 6000 30- March 1 Adjusting entry 1: Record the adjusting entry related to rent (in the 1' transaction) on March 31. Adjusting entry 2: Record the adjusting entry related to office supplies (in the 2nd transaction) on March 31. The company had a balance of $ 2000 at the end of February, and $3200 at the end of March