Instructions (a) Prepare individual journal entries to record transactions 1 to 6. All prepaid be recorded in asset accounts. All revenue collected in advance of provid should be recorded as liabilities. (b) An adjusting entry at December 31, 2014, is required for each of these tra Using the format shown in E3-2, prepare the following: 1. A basic analysis and a debit-credit analysis of the required adjustm 2. The adjusting journal entry. (c) Post the transactions and adjusting entries to T accounts and calculate th in each account. (Note: Posting to the Cash account is not necessary.)