XYZ Company has a December 31 year end. Prepare any required year end adjusting journal entry. Date is required but explanations are NOT required. In November 2019, XYZ Company signed a contract with CC Inc. XYZ Company is to provide consulting services for a fee of $1,000 per month, starting January 2020. A deposit of $2,000 was received by XYZ company in December 2019 and the journal entry to record this deposit included a credit to consulting fees earned..