Speedy Pack'n Mail completed the following transactions during 2016 Paid $5, 200 store rent cowing the four-month period ending February 28. 2017. Paid $9, 600 insurance covering the six-month period ending April 30. 2017. Collected $5, 400 cash in advance from customers. The service revenue will be earned $1, 800 monthly over the three-month period ending February 28.2017. Collected $10,000 cash in advance from customers. The service revenue will be earned $2,000 monthly over the five-month period ending April 30, 2017. Journalize the transactions assuming that Speedy Pack'n Mail debits an asset account for prepaid expenses and credits a liability account for unearned revenues. Journalize the related adjusting entries at December 31. 2016. Post the journal and adjusting entries to the T-accounts, and show their balances at December 31, 2016. (Ignore the Cash account.) Repeat Requirements 1-3. This time debit an expense account for prepaid expenses and credit a revenue account for unearned revenues. Compare the account balances in Requirements 3 and 4. They should be equal