Current Attempt in Progress The following information is available for the year-ended December 31, 2022 for Pharoah Landscaping Services: 1. On March 1, paid $6,960 to Alliance Insurance for a one-year insurance policy. 2. On May 31, sold gift certificates for grass-cutting services and collected \$4,520. On December 31, Pharoah determined that $1.890 of these certificates had not yet been redeemed. 3. Paid $9,900 cash on August 1, for six months of rent in advance. 4. On October 1. a commercial service customer paid $17.520 as full payment for a one-ycar contract to be fuititled on a monthly basis, 5. On December 1, purchased equipment for $26,640 cash withan estimated useful hife of 10 years. (a) Prepare the journal entries to record the initial transaction. (Credit account titles are automatically indented when the amount is entered, Do not indent manually. List all debit entries before credit entries, Record journal entries in the order presented in the problem. Date Account Titles and Explanation Debit Credit