Question: On August 01, 2025, ABC signed a $15294 consulting contract with XYZ The contract requires ABC to provide computer technology support services whenever requested over

On August 01, 2025, ABC signed a $15294 consulting contract with XYZ The contract requires ABC to provide computer technology support services whenever requested over the period from August 01, 2025 to March 01, 2027, with XYZ paying the entire $15294 on August 01, 2025 Use the account titles on the spreadsheet account_titles.xlsx Prepare journal entries for ABC a. the journal entry on August 01, 2025 will be a DR to (account title) Cash A/C X b. the journal entry on August 01, 2025 will be a CR to (account title) Sales A/C c. the amount of the DR and the CR on August 01, 2025 is 15294 d. the adjusting journal entry (based on months passed) on December 31, 2025 will be a DR to (account title) Sales A/C e. the adjusting journal entry on December 31, 2025 will be a CR to (account title) Advanced Received from Customer A/C f. the amount of the DR and the CR on December 31, 2025 will be 12074.21 X

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