The following transactions occurred and were properly recorded during 2023: February 2, 2023: The Company paid rent in the amount of $12,000 for a lease that commences March 1, 2023 ad expires February 28, 2024. June 14, 2023: The Company paid $2,400 in advance for an insurance policy which runs from July 1, 2023 through June 30, 2024. August 10, 2023: The Company received $14,400 cash in advance for services to be performed in December 2023. Year-end adjustments ADJ 1: Record rent expense for 2023 related to the February 2nd payment assuming no entries have been made throughout 2023. ADJ 2: Record insurance expense for the year related to the June 14th payment. ADJ 3: Record the revenue for services performed in accordance with the August 10th transaction.