Gomez Co had the following transactions in the last two months of its year ended December 31. Nov. 1 Paid $2,600 cash for future advertising 1 Paid $3,120 cash for 12 months of insurance through October 31 of the next year. 30 Received $6,600 cash for future services to be provided to a customer Dec. 1 Paid 36,600 cash for a consultant's services to be received over the next eight months. 15 Received $10,050 cash for future services to be provided to a customer. 31 of the advertising paid for on November 1, $1,500 worth is not yet used 31 A portion of the insurance paid for on November 1 has expired. No adjustment was made in Novenber to Prepaid Insurance 31 Services worth $1,500 are not yet provided to the customer who paid on November 30. 31 One-eighth of the consulting services paid for on December 1 have been received 31 The company has performed $3,600 of services that the customer paid for on December 15. Required: 1. Prepare entries for these transactions under the method that initially records prepaid expenses as assets and records unearned revenues as liabilities. Also prepare adjusting entries at the end of the year 2. Prepare entries for these transactions under the method that initially records prepaid expenses as expenses and records unearned revenues as revenues. Also prepare adjusting entries at the end of the year