Can someone show me how this is done please? Due today I appreciate it..thanking you in advance! is a spread sheet necessary?? please show me how this should be done accordingly. thanks again!

188 Introductory Accounting 1 Financial Accounting 174 Chapter 4 The Accounting Cycle: Accruals and Deferrals Carnival Corporation & PLC is one of the world's largest cruise line companies. Its printing costs for brochures are initially recorded as tising Expense when they are mailed. Passenger deposits for upcoming cruises are considered unearned revenue and are recorded as Customer Deposits are later converted to Cruise Revenue as voyages are LO4-1, LO4-2, LO4-3, LO4-4 Prepaid Advertising and are later charged to Adver LO4-5, LO4-6, LO4-7 as cash is received. Deposited amounts completed. EXERCISE 4.4 Preparing Adjusting Entries to Convert an Asset to an Expense and to Convert a Liability to Revenue Where in its financial statements does Carnival Corpoartion& PLC report Prepaid Advertis- ing? Where in its financial statements does it report Customer Deposits? a. b. Prepare the adjusting entry necessary when brochures costing $2.4 million are mailed. In its most recent annual report, Carnival Corporation & PLC reported Customer Deposits of $3.3 billion. Prepare the adjusting entry necessary in the following year as $48 million of tnis amount is earned. c. d. Consider the entire adjusting process at Carnival Corporation& PLC. Which adjusting entry do you think results in the most significant expense reported in the company's income statement