A. Zobas Enterprise is a merchandising company with financial year ended 31 December every year. You as an accountant of the company identified that the following transactions in year 2020 have not been recorded: i). On 28 August 2020, Zobas Enterprise paid $8,400 rental expenses for a period of one-year, from 1 September 2020 to 31 August 2021. ii). On 1 October 2020, Zobas Enterprise purchased new vehicle by cash amounting to $115,450 at cost. The vehicle has 10-year useful life and $250 residual value. Both, the cost of vehicle and depreciation expense for this vehicle have not been recorded by the company. Prepare the initial journal entry for the date of transactions and the adjusting entry for 31st December 2020