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1 Squeaky Shine provides car washing services in Jersey City, New Jersey. A three month pass for automatic car wash sells for $75, which entities

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1 Squeaky Shine provides car washing services in Jersey City, New Jersey. A three month pass for automatic car wash sells for $75, which entities the customer for an unlimited number of car washes during the contract period. Squeaky Shine estimates that pass holders wash their cars equally throughout the three-month period. On December 1st, customers purchased $2.400 of the three month passes, with usage of the passes occurring evenly throughout the contract period Required: 1. Prepare the journal entries that Squeaky Shine would record on December and on December 31, 2021, with respect to this transaction 2. State the account titles and amounts that will be included in Squeaky Shine's 2021 income statement and balance sheet X2 Complete this question by entering your answers in the tabs below. Required 1 Required 2 State the account titles and amounts that will be included in Squeaky Shine's 2021 income statement and balance shent. Account Titles Amounts Income Statement and Balance Sheet

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