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please solve with clear explanation 2XYZ corp calendar year end on 12/31/22. On 12/31/23 XYZ corp paid $50,000 for consulting services that would besin on

please solve with clear explanation
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2XYZ corp calendar year end on 12/31/22. On 12/31/23 XYZ corp paid $50,000 for consulting services that would besin on 1/1/23 and end on 2/28/23. A) Prepare the entry when payment was made B) Prepare the entry to record FY2z amortization expense (if necessary) C) What is total amortization expense at FY 22 and what is the total prepaid balance at 6/30/22 ? 2XYZ corp calendar year end on 12/31/22. On 12/31/23 XYZ corp paid $50,000 for consulting services that would besin on 1/1/23 and end on 2/28/23. A) Prepare the entry when payment was made B) Prepare the entry to record FY2z amortization expense (if necessary) C) What is total amortization expense at FY 22 and what is the total prepaid balance at 6/30/22

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