Help is very much appreciated with this accounting question. There are 3 parts. I will upvote.

1. Which of the following options is not an adjusting entry?

2. Deferred shareholders equity

3. Prepaid expenses

4. Unearned or deferred revenues

5. Accrued expenses

1b) Sterling Co. pays a 3-month insurance premium of $1,000 on October 1. Assume adjusting entries are only recorded at the end of the year on December 31. What is the adjusting journal entry on December 31?

a. Dr. Prepaid Insurance 1000; Cr. Insurance expense 1000

b. Dr. Insurance expense 500; Cr. Prepaid Insurance 500

c. Dr. Prepaid Insurance 500; Cr. Insurance expense 500

d. Dr. Insurance expense 1000; Cr. Prepaid Insurance 1000

1c) During the month of December, a company provided services of $1,200 to a customer. However, the customer will not pay for the services until the following month. What is the adjusting entry on December 31 to accrue for revenues?

a. Dr. Revenues 1200; Cr. Cash 1200

b. Dr. Revenues 1200; Cr. Accounts Receivable 1200

c. Dr. Accounts Receivable 1200; Cr. Revenues 1200

d. Dr. Cash 1200; Cr. Revenues 1200

Thank you!