You have been hired by Peters CAD, a small engineering and drafting firm, to help prepare a set of financial statements for the bank for the fiscal year ending December 31.You have reviewed all the transactions for the year and find the following information that has not been recorded in the company's books.

1)During December, Peters CAD provided $11,400 of CAD services to clients who will be billed in early January next year. The firm uses the accountFees Receivableto reflect amounts due but not yet billed.

2)The firm paid $12,000 cash on December 15 for a series of radio commercials to run during December and January. One-third of the commercials have aired by December 31st. The $12,000 payment was recorded in thePrepaid advertisingaccount.

3)Starting December 1, all maintenance work on Peters CAD's computer and printing equipment is handled by PC Guru under an agreement whereby Peters CAD pays a fixed monthly charge of $4,800. Peters CAD paid six months' service charges of $28,800 cash in advance on December 1, and increased itsPrepaid expensesaccount by $28,800.

Develop an accounting adjustments required at December 31 for each of the above 3adjustments using the financial statement effects template that follows or journal entry format