Question: Please helpp 2 f6 ACTIVITY IV . On September 1, 2019, Liliw Apartelle received 180,000 from a tenant. The amount represents oneyear rental beginning month
Please helpp 2

f6 ACTIVITY IV . On September 1, 2019, Liliw Apartelle received 180,000 from a tenant. The amount represents oneyear rental beginning month of September. Prepare the entries to be prepared on September 1 and the adjusting entry on December 31, under both the liability method and the revenue method. . At the end of 2019, 18,725 of fees has been earned by Marcella Consulting Services but have not been billed to the clients. Prepare the adjusting entry to record the transaction. . At December 31 , 2019, the account Rent Income showed unadjusted balance of 60,000. The amount was received from a tenant to cover fourmonth rent beginning November 1. Prepare the adjusting entry. . On October 1, 2019, Clever Company paid 54,000, representing one year and six months of insurance premium beginning month of November. Clever Company charged the amount to Prepaid Insurance upon payment. Prepare the adjusting entry on December 31, 2019. . On August 15, 2019, Gym Paredes Fitness Center paid an advance rental on a space of a building it is occupying in the amount of 120,000. The amount covers oneyear rent paid in advance beginning month of September. Prepare the adjusting entry on December 31, 2019 assuming the company uses the expense method
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