2:06 PM Mon Jul 18- Question 4 Take Quiz 12 pts For the following transaction below for Danielle Law Company, prepare (1) the journal entry to record the initial transaction and then prepare (2) the adjusting entry required on November 30 which is the end of the fiscal year. Journal entries must be prepared using the Chart of Accounts provided below. No. Accounting Transaction. Transaction On November 1, received $6.000 ($300 per hour X 20 hours) in retainers from 1. a client for future legal services. As of November 30, only 5 hours of the services have been provided. Chart of Accounts Assets Cash Liabilities Accounts Payable Stockholders' Equity. Accounts Receivable Unearned Revenue Taxes Payable Inventory Supplies Prepaid Rent Prepaid Insurance Equipment Notes Payable Interest Payable Common Stock Retained Earnings Service Revenue Sales Revenue Insurance Expense Utilities Expense Wages and Salaries Expense 2:06 PM Mon Jul 18 Take Quiz . List debit transactions first and then list credit transactions. When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign. Use accounts provided in the Chart of Accounts above. Do NOT create your own account. Initial journal entry refers to the journal entry you would have made on November 1. Adjusting journal entry refers to the journal entry you would have made on November 30. General Journals No. Date Accounts Titles Debit ($) Credit ($) 1. 11/1: Initial Journal Entry: 11/30 Adjusting Journal Entry