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Mohammed Constantine had the following transactions in the last few months or is local year ended on December 2016 RECORDING ENTRIES: Sep 1. Owner named

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Mohammed Constantine had the following transactions in the last few months or is local year ended on December 2016 RECORDING ENTRIES: Sep 1. Owner named Mohammed Khaled stated a business named Mohammed Cevsin, and begon cash and office amounting $20,000 into the business Sep 11 - The business purchased office equipment amounting $20,000 on credit Sep 15: - Received 55,000 cash to perform fluture consulting services for a client Oct 1: Paid in advance 53,600 cash for 6 months of insurance expense through March 31 of the next year. Oct 15 - Paid Su,200 cash to an accounting firm for future tax services to be received Oct 25: - Paid 33,000 cash for three future newspaper advertising. These advertisements have to be wished in the newspaper on edades Nov 10, 2019. Dec 20, 2019 and Jan 20, 2020, Oct 31: - Utilities expenses amounting $2.500 for the month of October are paid at the end of the month Dec 20: - Muhammad Khaled withdrew $2,000 from the business for his personal use. ADJUSTING ENTRIES: Dec 31:. of the advertising paid for on Oct 25, total $2,000 worth of advertisement has been used for the current period. Dec 31 - Out of the total legal services paid in advance on October 15th, services worth $1,800 are not yet received during the period ended on December 3781 Dec 31 Depreciation expense of the office equipment amounting $1,200 need to be recorded. Required: A) Prepare recording entries during the year for these transactions under the method that records prepaid expenses and unearned revenues at the time cash is paid or received in the balance sheet accounts. (4 marks) B) Also prepare three of the given adjusting entries mentioned above at the end of the year on Dec 31st. (3 marks) UN

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