For each of the following transactions for the Banner Company, indicate the account that is debited, the account that is credited, and the amount for each. Choose from the account name abbreviations below AND PLEASE SPELL THEM CORRECTLY IN YOUR ANSWER or Blackboard will mark your answer wrong. CASH = Cash; PPDINS = Prepaid Insurance EQ-Equipment AD-Accumulated Depreciation UNREV-Unearned Revenue LP-Loan payabe. Pinterest payable REV-Service Revenue INSEXP Insurance expense. DEPEXP = Depreciation expense, INTEXPinterest expense 1.The Banner Company paid $1,200 for an insurance policy in December, 2017. This insurance policy covers the first six months of 2018. What will Banner record in December, 20177 Dr. 2. What will Banner record in January, 2018, related to the insurance in part (1) Dr. 6. Cr. th 3. Banner purchased equipment on January 1, 2018 for $120,000. The monthly depreciation is $1.000. What should Banner record on January 1, when the equipment is purchased? Dr. 4. What should Banner record on January 31, 2018 related to the equipment purchased in (3)? Dr. LCT. [m] [0] tel 3. What should Banner record on February 28, 2018, related to the equipment purchased in (317 Dr. C. [8] In 0 & Banner received cash totaling $1.700 from a customer on December 15, 2017, in exchange, Banner is to provide services in the following amounts: $300 in the last week of December 2017, 3800 in January 2018, and $600 in February 2018. Assuming services were provided according to schedule what should Banner record on December 15, 2017? Dr. M 7. What should Banner record in January, 2018, related to the cash received in Dr Cr. tyl 121 Banner borrows $100,000 from a bank on April 1, 2018. The annual interest rate is 9%. The loan must be repaid, with all interest on December 31, 2018, what should Banner record on April 1, 2018 Dr. 141 Cr (5) 9. What journal entry should Banner record related to B above for the month ended April 30, 2018 Dr Cr. 171 19 [10]