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Revenues Received in Advance: On November 1,2019 , the company received 600 in advance to provide consultation for a client for 6 months starting November 1. Required: - The adjustruent entry on December 31,2019 , if the company recorded the amount as a revenue (nominal account). - The adjustment entry on December 31,2019 , if the company recorded the amount as a liability (real account). Prepaid Expenses: On October 1,2019 , the company paid 1200 for an insurance policy that covers 12 months. Required: - The adjustment entry on December 31,2019, if the company recorded the amount as an expense (nominal account). - The adjustment entry on December 31,2019 , if the company recorded the amount as an asset (real account). Office Supplies: The balance of office supplies at the beginning of the period (1/1/2019) was 4000. At the end of the period (December 12, 2019), the company found that the balance of the remaining supplies is 1200 . Reguired: - The adjustment entry on December 31,2019 Depreciation: At the beginning of the period (1/1/2019) the company bought a car for the amount of 100,000.0n12/31/2019, the account of the company calculated the depreciation expense and found to be 4000 . Required: - The adjustment entry on December 31,2019 Accrual Revenue: At the end of the period (December 31, 2019), the company found out that an amount of 200 belongs to the current period for services that the company provided during the period but never recorded in the books (the accounting system). Required: - The adjustment entry on December 31, 2019. Accrual expenses: The company has received services from the auditing firm in the amount of 500 ; the valuc: 'rvices that were neither paid nor recorded until the end of the period. Requireil: - The adjustment entry on December 312010

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