Directions: 1) Prepare adjusting journal entries for the below transactions 2) Post the journal entries to ledger accounts 3) Calculate the ending ledger balance Problem #10 Jan 1, Johnson Company received $80,000 cash in advance for six months of accounting services. Today is Jan 31st and one month of the services have been completed. Prepare the adjustment for Jan 31st only. Date Accounts Debit Credit Unearned Revenue 80,000 Problem #11 April 1, Guthrie Company received $190,000 cash in advance for four months of accounting services. Today is Dec 31, and the accounting services have been provided as required. No adjustments have been paid to the unearned revenue account. Prepare the adjustment for Dec 31. Date Accounts Debit Credit