Hack Consulting performs systems consulting and sells software. It began operations in December 2019 Prepare journal entries for all the following transactions in parts A, and B, omitting explanations: Part A: The business completed the following transactions during the month December 2019: Dec 3 Purchased computer for cash, $7,000. The computer is expected to remain in service for 4 years. Dec 5 Received $4,200 in advance for client services to be performed in the future. Dec 9 Sold inventory costing $5,200 for $7,525 (on account with terms 2/10,n/30). Collected from customer (Dec 9) balance Dec 30 due. Part B: At December 31, the business prepares adjusting entries for the following transactions: 1. Recorded one month's depreciation on the computer which is depreciated using the straight- line method. Assume the computer (purchased Dec 3) is expected to last for 4 years and have $350 residual value. 2. Earned $1200 of the service revenue collected in advance on December 5. 3. The administrative assistant worked the last 2 weeks in December and is owed $885 in wages to be paid January 5 (ignore payroll taxes)