Thank you very much for your help. the question is attached below.

Assume the year runs from January 1 to December 31 for the Year 2018. On May 1, Company DEF (\"The Company") purchased inventories costing $49,000; the Company paid $29,000 in cash and giving a one-year, 9% note for the balance; accrual of interest expense. On August 1, The Company received $6,000 cash for legal services to be performed evenly throughout the six months period (starting on August 1); and the Company started rendering the legal services on August 1. On November 1, The Company paid $5,400 in cash for one year of the rent in advance. (3) Prepare the journal entries to record the above transactions on May 1, August 'I, and November i. (b) Prepare the adjusting entries at 31 December 2m 8 related to the above transactions. Assume straighteiine amortization method is applied. (c) Prepare thejournal entries to record the payment of the note on the maturity date. (d) Indicate the manner in which the above transactions should be reected in the Current Liabilities section of The Company's Statement of Financial Position at 3i December 2018