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Q5. Consider the following transaction happened next month and prepare the adjusting entries. 1. 2nd of November, the company received the amount billed on the

Q5. Consider the following transaction happened next month and prepare the adjusting entries. 1. 2nd of November, the company received the amount billed on the 9th of October. 2. 7th of November, the company used one month of the insurance services paid for on the 19th of October. 3. 8th of November, the company provided services for 22,000 from the services paid on the 21st of the October. 4. 12th of November, the company paid the maintenance services received on the 25th of October.

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