Gomez Co. had the following transactions in the last two months of its year ended December 31. Nov. Dec. 1 Paid $2,400 cash for future newspaper advertising. 1 Paid $4,080 cash for 12 months of insurance through October 31 of the next year. 30 Received $10,600 cash for future services to be provided to a customer. 1 Paid $3,000 cash for a consultant's services to be received over the next five months. 15 Received $11,150 cash for future services to be provided to a customer. 31 of the advertising paid for on November 1, $950 worth is not yet used. 31 A portion of the insurance paid for on November 1 has expired. No adjustment was made in November to Prepaid Insurance. 31 Services worth $1,700 are not yet provided to the customer who paid on November 30. 31 One-fifth of the consulting services paid for on December 1 have been received. 31 The company has performed $3,200 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries for these transactions under the method that initially records prepaid expenses as assets and records unearned revenue as liabilities. Also prepare adjusting entries at the end of the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries for these transactions under the method that initially records prepaid expenses as assets and records unearned revenue as liabilities. Also prepare adjusting entries at the end of the year. View transaction list Journal entry worksheet Received $10,600 cash for future services to be provided to a customer. Note: Enter debits before credits . Prepare entries for these transactions under the method that initially records prepaid expenses as assets and records unearned evenues 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 unear revenues as revenues. Also prepare adjusting entries at the end of the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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. View transaction list Journal entry worksheet b ored. No bolo A portion of the insurance paid for on November 1 has expired. No adjustment was made in November to Prepaid Insurance. Note: Enter debits before credits Prepare entries for these transactions under the method that initially records prepaid expenses as assets and records unearned evenues as liabilities. Also prepare adjusting entries at the end of the year. . Prepare entries for these transactions under the method that initially records prepaid expenses as expenses and records unearned evenues as revenues. Also prepare adjusting entries at the end of the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 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. View transaction list Journal entry worksheet One-fifth of the consulting services paid for on December 1 have been received Note: Enter debits before credits d aily ECUIUS prepaid expenses as expenses and records evenues as revenues. Also prepare adjusting entries at the end of the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare entries for these transactions under the method that Initially records prepaid expenses as assets and records unearned reve as liabilities. Also prepare adjusting entries at the end of the year. View transaction list Journal entry worksheet Paid $4,080 cash for 12 months of insurance through October 31 of the next year. Note: Enter debits before credits Date General Journal Debit Credit Nov 01 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. View transaction list Journal entry worksheet Received $10,600 cash for future services to be provided to a customer. Note: Enter debits before credits General Journal Debit Credit Date Nov 30 Required 1 Required 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. View transaction list Journal entry worksheet Received $11,150 cash for future services to be provided to a customer. Note: Enter debits before credits Date General Journal Debit Credit Dec 15 Journal entry worksheet 1 2 3 4 7 8 9 10 of the advertising paid for on November 1, $950 worth is not yet used. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Journal entry worksheet A portion of the insurance paid for on November 1 has expired. No adjustment was made in November to Prepaid Insurance. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Journal entry worksheet Services worth $1,700 are not yet provided to the customer who paid on November 30. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31 Required 1 Required 2 Prepare entries for these transactions under the method that initially records prepaid expenses as expenses and records unea revenues as revenues. Also prepare adjusting entries at the end of the year. View transaction list Journal entry worksheet