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Ya 35 minutes and Questas Mohammed Constant Inc. had the following transactions in the last few months of its focal year ended on December 31

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Ya 35 minutes and Questas Mohammed Constant Inc. had the following transactions in the last few months of its focal year ended on December 31 2019 RECORDING ENTRIES: Sep 1: - Owner named Mohammed Khaled stated a business named Mohammed Consultants toe, und brought 590,000 cash and office equipment amounting $20,000 into the business, Sep 1: - The business purchased office equipment amounting $20,000 on credit Sep 15: - Received $5,000 cash to perform future consulting services for a client Oct 1: - Paid in advance $3,600 cash for 6 months of insurance expense through March 31 of the next year Oct 15: - Paid $3,200 cash fo an accounting firm for future tax services to be received Oct 25:- Paid $3,000 cash for three future newspaper advertising. These advertisements have to be published in the newspaper on the daten Nov 20. 2019. Dee 20, 2019 and Jan 20, 2020 Oct 3I: - Utilities expenses amounting $2,500 for the month of October are paid at the end of the month, Dec 20: - Muhammad Khaled withdrow $2,000 from the business for his personal use. ADJUSTING ENTRIES: Dec 31:- or the advertising paid for on Oct 25, total $2,000 worth of advertisement has been used for the current period. Dec 31:- Out of the total legal services paid in advance on October 15th, services worth $1,800 are not yet received during the period ended on December 31st Dec 31 - Depreciation expense of the office equipment amounting $1.200 nood to be recorded. Required: - A) Prepare recording entries during the year for these transactions under the method that records prepaid expenses and unearned revenues at the time cash is paid or received in the balance sheet accounts. (4 marks) B) Also prepare three of the given adjusting entries mentioned above at the end of the year on Dec 31st. (3 marks) For the toolbar, press ALT F10 (PC) or ALT FN+F10(Mac) BIUS Paragraph Arial 10pt A 2 IX QS EXX & T Te T99 !!! iii To B! Et

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