Account Analysis Question 3 (please show your calculation for each part): On November 1, Cosmetics Magazine started publishing a monthly magazine for which a one year subscription costs customers $24. All subscriptions require payment of the full $24 (in cash) in advance. During the month of November, the company sold 150 one-year subscriptions, and during the month of December, the company sold 400 one-year subscriptions. The company allocates the revenue evenly (i.e., such that $2.00 in revenue is allocated to each month). A. Record the transactions of the new subscriptions being sold in November and December. B. Assume that Cosmetics Magazine made no other entries related to this, aside from your answer in Part A. What adjusting entry (related to revenue) was made on December 31 (i.e., year-end)? Account Analysis Question 2: Delhi Inc. purchased a truck three years ago (on January 1, 2017). The truck cost ABC $120,000. On January 1, 2020, Delhi Co. sold the truck for $80,000 (cash); at this time, Delhi Co. had recorded $60,000 in depreciation on the truck. 1. Record the transaction of Delhi Co. selling the truck. 2. How would your answer change if Delhi Co. instead received $50,000 in cash for the truck? Clearly indicate which parts of your answer would be different. Account Analysis Question 1 (please show your calculation): Italian Treasures started the year with a balance in Accounts Receivable of $15,000. Italian Treasures made sales on credit of $40,000 during the year. Moreover, Italian Treasures paid suppliers $9,000 for purchases Italian Treasures made on credit, and also collected $45,000 from customers who bought on credit. What is the final balance in the Accounts Receivable account