25. Prepare the adjusting entries for each situation for Sibley Co., which began operations on September 1, 2018.
    1. The company records a $1,750 depreciation expense on machinery.

2. Upon inception, the company received $21,000 for one-year membership revenues. The company also has a calendar year-end.

3. The company's att orn ey, who bills at $42 per hour and agrees to bill Sibley Co. upon sett lement , spent 45 hours on a legal issue. He expects the issue to be resolved in March of the following year