Glied) is not being checked de IV. Prepare entries for the following transactions of XYZ Advertising Service Co. (40 points, 2 point each) le Janle The business was started when the owner contributed $120,000 in cashe e Dre e Cr.ee 2e Jan 31e Paid $2,400 cash for an insurance policy, the policy contract had 2-year term e Dre e e Cree 3e Feb.28e Received $3,600 cash in advance for services to be performed within a year Dr.e e Cr.ele 42 Mar 18e Purchased supplies of $4,000 on accounte Dre e t Cr.ee 5e Apr le Received $5,000 cash for services provided Dre e e Cr.ee e ot being checked May 100 Billed clients $6,000 for services performede Dr.e 7 Oct. 10e Collected $6,000 cash from customers against accounts receivabled Dre Cree se Nov.lle Distributed $1,100 dividends to the owner mq Cr.ee 9 Dec.31e Recorded the insurance expenses $1,100 for the accounting periode Dr.e Cr.ee 10- Dec.31e Accrued $1,800 of salaries payable Dr.e 3 Cr.ee