Question 4 (30 marks) Golden Designs incurred the following 2018 transactions: November 01: Paid $ 60,000 to place an ad for 4 months on the internet. December 01: Received $ 100,000 cash payment to produce a monthly coin for the next 5 months. Required: 1. Open T-accounts for Prepaid Advertising, Advertising Expense, Unearned Revenue, and Revenue. 2. Prepare a journal entry that would debit an asset account, Prepaid Advertising. Prepare a journal entry that would credit a liability account, Unearned Revenue. No explanations are needed. 3. Prepare journal entries to record the December 31, 2018 adjustments. 4. Post the journal entries to the T-accounts. No posting references are needed. Show the December 31, 2018 balances on the T-accounts. 5. Repeat requirements A through D above. This time, instead of debiting Prepaid Advertising, debit Advertising Expense. This time, instead of crediting Unearned Revenue, credit Revenue. 6. By comparing the balances in requirements D and E, what did you notice