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Question (a) On August 1st 2015 ABC Co. pays $18,000 to XYZ Insurance Co. for a 3-year insurance policy. Both companies have fiscal years ending December 31*. In the space below, prepare the journal entries that ABC Co. must record in 2015. Date Account Titles Debit Amount Credit Amount (b) Use the information in the question above and prepare the journal entries that XYZ Insurance Co. must record in 2015. Date Account Titles Debit Amount Credit Amount (c) In November and December 2014, Lane Co., a newly organized magazine publisher, received cash of $60,000 for 1,000 three-year subscriptions at $20 per year, starting with the January 2015 issue. What amount should Lane report in its calendar year 2014 income statement for subscriptions revenue? (d) Dresser Company's weekly payroll, paid on Fridays, totals $8,000. Employees work a 5-day week. Dresser's fiscal year is the calendar year and December 31st happens to be a Wednesday. Prepare Dresser's journal entries on the dates listed in the table below. Date Account Titles Debit Amount Credit Amount Dec 31st Jan 2nd (e) LaBouche Corporation owns a warehouse. Its fiscal year is the calendar year. On November 1st 2014, i rented storage space to a lessee (tenant) for 3 months for a total cash payment of $2,400 received in advance. Prepare LaBouche's journal entries for 2014 in the table below. Date Account Titles Debit Amount Credit Amount