Question: Please record the following 5 transactions. For each transaction, please write down: (1) which accounts are affected by the transaction, (2) the direction of the

Please record the following 5 transactions. For each transaction, please write down: (1) which accounts are affected by the transaction, (2) the direction of the change (+ or -), and (3) the amount of the change. For example:

Cash Retained Earnings

+100 +100 (Sales)

(2) Vivy Manufacturing received 600 in advance on January 1 from Zing Company for services to be performed over the next 3 months. If the $600 received from Zing Company was placed into the Unearned Revenue account, and Vivy had completed 20% of the work as of the end of the month, what adjusting entry would Vivy Manufacturing make on January 31?

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