Given the following financial transactions, you are required to record ONLY the adjusting entries at the time of preparing the financial statements. The financial statements are prepared at the end of every quarter. Assume that your company undertakes the following transaction on 01 of January month. You are required to record all relevant journal adjusting entries for the below transactions at the end of first quarter. a. The company borrows Rs240000 at 8% annual coupon (interest cost) for 5 years. The annual coupon payments will be made after the end of every year for the next 5 years. b. The company receives cash in advance Rs120000 from another company for the services to be delivered during the year. At the end of the first quarter. the company provided one-fourth of the total services promised. [4]