15 POINTS - JOURNAL ENTRIES (all 3 journals can go on 1 page) Problem info: Use the following Chart of Accounts to make your account selection when preparing journals entries: Chart of Accounts: Cash, Supplies, Equipment, Prepaid Expenses, Land, Accounts Receivable, Unearned Revenue, Loan Payable, Accounts Payable Common Stock Dividends, Consulting Services, Salaries expense On December 31, 2020 Sara, Elton, and Calvin for S.E.C. Advisors Inc; a consulting group advising hedge funds and trading platforms with emerging and unusual stock trading activities. Prepare journal entries in proper form for the following situations (that means memos!): a) On December 31, 2020 the owners of S.E.C. Advisors each contribute $5,000 cash and are issued common stock. b) On December 31, 2020 S.E.C. prepays $2,000 cash for a software license that begins in the next accounting period. c) On December 31, 2020 S.E.C. signs a contract with a client to provide them consulting services in 2021. The client pays $10,000 cash to S.E.C. Use the correct standard format to write 3 separate journal entries for a,b & c. You will need to include these on your PDF Upload