Compeny, which has a fisal year end of Decesber 11. a.) Frepaid expenses - lakaraace Neysirent Revent the eatry kor the puichase of inaurance and for the yrat ind aduatined b.) Depreviation Aac Coenpany purchases a vehicle on Auprua 31,2024 for 512,000cash. The velicle in eypected to be uaefut for 10-years, after which time is will have mo realual value. The compuny waher is uie straigh-line depreciation. Requineal Recond the jecurnal enery for the purctaie of the velicle and for the year-end acfueiment. E.) Acerued espentes - Interest On May 1, 2024, ABC Company borrows $10,000 ffom the bank and stges a note payable. The debt earries annal interest of 6 S and is repaid in fill (with intered in Jly 1, 2025, Required Reeond the joumal entry for be initial bonewing, the year-end adjuement and the sepayment of the alte. d.) Accreed revenues As at December 31, 2024, ABC Compary had peovided 7 months of contulting service to a clieer a a rate of 51,000 per month, but had not yet billed the clieat of collectod any money, Oo lanary 31, 20as. the elient was billed for four months of wervice and paid ene week later on February s, 2tas. Reyruired Reoord the journal eatry for the yeat-end adjustment, and iny eflice entries requizad. c.) Uecarocd revenuen A elient pre-pay ABC Company on Nomember 1, 2024 for five mosths of eresuleing servide (thom November thirough the end of Marchi). The coepany pays 515.000. ABC Company eams the maee evenly over the lf of of the project, and has fuleilled its obligations 9 of Docember 31 Requirnd Rocors ile joumal enary November I and for te ycar end adyautment