For each of the following transactions below for Danielle Law Company, prepare (1) the journal entry to record the initial transaction and then prepare (2) the adjusting entry required on October 31 which is the end of the fiscal year. 1. On October 1, paid rent for four months in advance. $12.000, On October 1, received $5,000 $250 per hour X 20 hours) in retainers from a client for legal services. As of October 31. only 10 hours of the services have been provided 2. 3. On October 1, borrowed $135,000 from Number 1 Credit Union by issuing a 12% note payable due in 9 months 4. On October 1. paid advertising for six months in advance. $1.920. "When typing your responses, do NOT include a dollar sign For example, if your answer as $10.000. you should be typing 10.000 or 10,000.00 without any dollar sig Initiat journal entry refers to the fournal entry you would have made on October 1. Adjusting journal entry refers to the journal entry you would have made on October 31 Accounts Titles Debit 5) Credits 1. 10/1 Initial Journal Entry: No. Date Select) Select Select Select 10/31 Adjusting Journal Entry: Select V Select Select Select 2 10/1 Initial Journal Entry: Select Select Select Select 10/31 Adjusting Journal Entry: Select Select Select Select 3 10/1 Initial Journal Entry: Select 1 Select Select Select