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 account Fees ReceiYou 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.

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 account Fees

Receivable to reflect amounts due but not yet billed.

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 $31$ st$.$ The $$12,000$ payment was recorded in the Prepaid advertising account.

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 its Prepaid

expenses account by $$28,800.$

Prepare accounting adjustments required at December $31$ for each of the above $3$ adjustments using the financial statement effects template that follows or

journal entry format.vable to reflect amounts due but not yet billed.

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

$3)$ 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 its Prepaid expenses account by $$28,800.$

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