3. For each of the following transactions below for Danielle Law Company, prepare ft) the journal entry to record the initial transaction and then prepare (2) the adjusting entry required on October 31 which is the end of the fiscal year, 1. On October 1, paid rent for four months in advance, $12.000 On October 1, received $5.000 (5250 per hour X 20 hours) in retainers from a coent for 2 legal services. As of October 31, only 10 hours of the services have been provided On October 1, borrowed $135.000 from Number 1 Credit Union by issuing a 12% note payable due in 9 months 4. On October 1, paid advertising for six months in advance. 51920 *When typing your responses, do NOT include a diodlar sien. For example: If your answer is 510.000. you should be typing 10.000 or 10,000.00 without any dollar sig * Inibal journal entry refers to the journal entry you would have made on October 1. Adrusting journal entry refers to the journal entry you would have made on October 31 Debit (5) 1. 10/1 Initial Journal Entry No. Date Accounts Titles Credit ($) Select Select Select Select 10/31 Adjusting Journal Entry Select Select Select 2. 10/1 Initial Journal Entry: Select Select Select Select 10/31 Adjusting Journal Entry: Select Select Select Select 3. 10/1 Initial Journal Entry Select Select Select Set