For the following transaction below for Danielle Law Company, prepare (1) the journal entry to record the initial transaction and then prepare (2) the adjusting entry required on November 30 which is the end of the fiscal year. Journal entries must be prepared using the Chart of Accounts provided below.

No.	Transaction
1.	On November 1, paid rent for four months in advance, $10,000.

Assets	Liabilities	Stockholders' Equity
Cash	Accounts Payable	Common Stock
Accounts Receivable	Unearned Revenue	Retained Earnings
Inventory	Taxes Payable	Service Revenue
Supplies	Notes Payable	Sales Revenue
Prepaid Rent	Interest Payable	Insurance Expense
Prepaid Insurance		Utilities Expense
Equipment		Wages and Salaries Expense
Building		Rent Expense
Land		Supplies Expense
Accumulated Depreciation		Depreciation Expense
		Interest Expense

• List debit transactions first and then list credit transactions.
• When typing your responses, do NOT include a dollar sign. For example, if your answer is $10,000, you should be typing 10,000 or 10,000.00 without any dollar sign.
• Use accounts provided in the Chart of Accounts above. Do NOT create your own account.
• Initial journal entry refers to the journal entry you would have made on November 1. Adjusting journal entry refers to the journal entry would have made on November 30.

No.	Date	Accounts Titles	Debit ($)	Credit ($)
1.	11/1	Initial Journal Entry:
	11/30	Adjusting Journal Entry: