Using the form below, record each of the following transactions for Mayer Corporation during the year ending December 31, Year 1. Required: a. November 1: Received cash from clients for services to be performed over the next six months, $24,000 b. November 1: Paid $2,400 for a 12-month insurance policy c. December 31: Recorded expiration of two months of the insurance d. December 31: Earned $4,400 of the amount received from clients in November Note: Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed. Event a b. C d Cash + + + + Assets Supplies + +++ + MAYER CORPORATION The Accounting Equation Prepaid Insurance Accounts Payable Liabilities + + + + Unearned Revenue + + + + + Stockholders' Equity Common Stock + + +++ + Retained Earnings K

Using the form below, record each of the following transactions for Mayer Corporation during the year ending December 31 , Year 1. Required: a. November 1: Received cash from clients for services to be performed over the next six months, $24,000 b. November 1 : Paid $2,400 for a 12 month insurance policy c. December 31: Recorded expiration of two months of the insurance d. December 31: Earned $4,400 of the amount received from clients in November Note: Enter any decreases to account balances with a minus sign. Leave cells blank if no input is needed