The following are transactions recorded by Bridgeport Corp. during the current year. 1. Ordinary operating maintenance on equipment was recorded as follows: 2,600 Equipment Accounts Payable 2,600 2. Bridgeport received an advance on a custom order for merchandise that will be shipped during the next accounting year. 9,000 Cash Sales Revenue 9,000 3. Bridgeport Corp. is holding inventory on consignment for Rubber Ltd. Bridgeport will only pay Rubber when a sale is made to a customer. Bridgeport made the following entry when it received the inventory: 17,400 Inventory Accounts Payable 17,400 4. On the last day of the accounting period, a 12-month insurance policy was purchased. The insurance coverage is for the next accounting year. 6,600 Insurance Expense Cash 6,600 (a2) For each transaction, if there was a violation of component of the conceptual framework (i.e., qualitative characteristic, element, or principle), give the correct journal entry that should have been initially recorded, if any. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit 1.TRepairs and Maintenance 2600 Accounts Payable 2600 2. Cash 9000 Unearned Revenue 9000 No Entry 0 X x 4. Prepaid Insurance 66001 Cash 6600