Journalizing Transactions and Adjusting Accounts Deluxe Building Services offers custodial services on both a contract basis and an hourly bliss On January 1, 2015. Deluxe collected $40.200 in advance on a ser month contract for work to be performed evenly during the next six months. Assume that Deluxe closes its books and issues financial reports on a monthly basis a. Prepare the entry on January 1 to record the receipt of 540.200 cash for contract work (1) using the financial statements effect template ind in journal entry form. 1. Prepare the adjusting entry to be made on January 31, 2015. for the contract work done during January (1) using the financial statements effect template and (2) in journal entry form c. At January 31, a total of 40 hours of hourly rate custodiat work was unbilled. The billing rate 521 per hour. Prepare the adjusting entry needed on January 3, 2015 (1) using the financial statements effect template and (2) in journal entry form. (The firm uses the account Fees Receivable to reflect amounts due but not yet billed). Financial statement effects Template Journal entries General Journal Description . Date Jant Dett Credit 0 0 To record fee recha Jan 31 0 + . D To record services canon.com 0 0 0 0 To record unbed Seesamed Please answer all parts of the question a