ABC Company uses the approach that records prepaid expenses as expenses and records unearned revenues as revenues. ABC Companny prepares monthly financial statements. Select the correct journal entry or adjusting journal entry for each scenario given. At month end $500 worth of services has not yet been provided to the customer who paid in advance earlier in the month Choose... At the start of the current month ABC Company paid $1,200 for a 1 year insurance policy. At the end of the Choose... current month what is the adjusting entry that IS needed? Received $1,000 for future services to be provided to a customer Choose... Paid $1,000 for services of a Choose... consultant to be received over the next 3 months