Given the following financial transactions, you are required to record ONLY the adjusting entries at the time of preparing the financial statements. The company prepares the financial statements at the end of every quarter. The company undertook the following transactions on st 01 of January month You are required to record all relevant joumal adjusting entries for the below transactions at the end of first quarter. [4 marks] a. The company receives advance rent of Rs48000 from XX company for using the building for the next one year. b. The company purchases machine by making cash payment of Rs400000 upfront. The machine will be completely depreciated over the next 10 years and the firm will charge equal annual depreciation expense every year