Prepare the Adjusting entries

a.

The company purchased equipment for $60,000 cash on December 1 and the

equipment is expected to last for 60 months. By December 31, one month of the

equipment's use has expired. Record the amount of equipment expired.

b. The Company received $4,000 cash in advance from customers on December 3. By

December 31, only $200 of services have been provided. Record the service revenue

earned

Transaction	Journal	Debit $$	Credit $$
a.
B.