PROBLEMS Write your answer in the space provided. The number of points assigned to each question can be found in parentheses. 1) Create journal entries for the following transactions for Pivot Corporation. Explanations are not required.(4 points each) a. On April 1, Pivot pays (in cash) the salaries of employees for the week, for a total of $22,000 b. On April 8, Pivot completes a job for a customer and sends the customer a bil in the amount of $190,000 c.On April 15, Pivot pays cash dividends of $12,000 to stockholders On April 25, Pivot buys $8,000 worth of office supplies and receives a bill which they plan to pay next month d. On April 30, Pivot moves into a new office space and pays two months rent in advance, for a total cf $12,000 e. 12) Prepare the adjusting journal entries at December 31, 2018. Explanations are not required (5 points each) On October 31, 2018, Harrison Corporation agreed to provide consulting services to Smith Company for 6 months, beginning on November 1, 2018, at S2,000 per month. Smith paid $12,000 on October 31, 2018. Create the adjusting entry for December 31. (You do not need to record the October 31 entry.) a