Sixth Company: You have been assigned to prepare accounting treatments for the following cases:

First case: (consideration of prepaid expenses as an asset) On the date of 1/1 the company paid advertising and advance fees in the amount of 24,000 dinars in cash for a two-year campaign: Required: 1) Procedure for recording the payment of advertising and prepaid advertising fees in 1/1 2) Procedure for recording the inventory settlement and closing restrictions on 12/31

The second case: (the revenue receivable) On the date of 12/31, the rental income of the future company was 22,000 dinars, knowing that the monthly rental income is 2000 dinars. The required: Procedure for recording the inventory settlement and closing on 12/31