Question 7 (of 30) Squeaky Shine provides car washing services in Jersey City, New Jersey. A three-month pass for automatic car wash sells for $75, which entitles the customer for an unlimited number of car washes during the contract period. Squeaky Shine estimates that pass holders wash their cars equally throughout the three- month period. On December 1st, customers purchased $1,620 of the three-month passes, with purchases of the passes occurring evenly throughout December Required: 1. Prepare the journal entries that Squeaky Shine would record on December 1 and on December 3 . 2016, with respect to this transaction. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.) 1 Record the cash transaction on December 01, 2016. 2 Record the cash transaction on December 31, 2016 esc F7 F4 FS