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Problem 2: Adjusting Entries Please type in the adjusting entries on the dates indicated beneath each transaction 1) On 4/1/x1, the XYZ company paid $1800

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Problem 2: Adjusting Entries Please type in the adjusting entries on the dates indicated beneath each transaction 1) On 4/1/x1, the XYZ company paid $1800 for an insurance policy for the next 18 months Please provide the journal entries on: 4/1/x1 12/31/x1 2) On 5/1/x1, the XYZ company received $1,200 for consulting services to be provided (by the XYZ company) for the next 12 months. Please provide the journal entries on 5/1/x1 12/31/x1 3) On 11/1/xl the XYZ Company signed a contract to rent a building $1800 from the ABC company for the period 11/1/x1 until 5/1/x2. The rent will be paid on 5/1/x2. Please provide the joumal entries on: 11/1/x1 12/31/x1 5/1/X2

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