For each of the following independent situations, prepare journal entries to record the initial transaction on December and the adjustment required on January If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.
a Magnificent Magazines received $ on December for subscription services related to magazines that will be published and distributed in January through December
b Walker Window Washing paid $ cash for supplies on December As of January $ of these supplies had been used up
c Indoor Raceway received $ on December from race participants for providing services for three races. One race is held January and the other two will be held in March
tableNoDate,General Journal,Debit,CreditDecember Cash,Service Revenue,,Cash,,January Supplies,Cash,,Cash,,December Cash,Sales Revenue,,
