Learning Objective 3.3 LO 3.3) Prob.1. When is not using its facilities to brew and ferment beer, it offers other craft breweries to use its facilities for a fee. Assume Mitter Lite contracts for brewing services. agrees to charge Mitter, $10,000 upon completion. use of and December: requires a 10% deposit (i.e. up-front fee) paid in advance of Mitten facilities. The following transactions take place over the months of January, February, March, January: Reco.collects $1,000 cash deposit from Mitter February: Mitter completes its brew: Bremits an invoice to Mitter for the remaining $9,000 owed for February brewing services rendered. March: Mitter receives the invoice from and remits payment in-full for the $9,000 owed. December: ce records $3,000 depreciation on its brewing equipment Assume Brand Mitter use accrual-basis accounting and have the following accounts on their respective chart of accounts Beerbo Cash Mitter Cash Accounts Receivable Equipment Accumulated Depreciation-Equipment Unearned Revenue Service Revenue Depreciation Expense-Equipment Accounts Payable Prepaid Brewing Service Brewing Service Expense LO 3.3) Prob.1.a. What journal entries would Be and Mitter record during January? (Leave blank if nothing) Beerbg: DR. CR. DR CR Mitter: DR. CR. DR CR LO 3.3) Prob.1.b. What journal entries would Reed and Mitter record during February? (Leave blank if nothing) Beerbo: DR. DR. CR. DR CR Mitter: DR. CR. CR. DR CR LO 3.3) Prob.1.c. What journal entries would feedband Mitter record during March? (Leave blank if nothing) Beerbo: DR. DR CR Mitter: DR. CR. DR CR CR. LO 3.3) Prob.1.d. What journal entries would Reed and Mtter record during December? (Leave blank if nothing) Beerbe: DR. CR. DR CR Mitter: DR. CR. DR CR