The first table (Accounts and Explanations) is completed with the correct answers. I have provided the options for the second (Account and Explanation) table. I need help with filling the second table.

Consider the following transactions: a. Loopy Shirts, Inc., sold 1,200 T-shirts to the FSU Bookstore for $13,200 cash. Loopy originally paid $3,600 for the shirts. b. Investment Industries, Inc., received a utility bill for the last month of the year in the amount of $550 but won't actually pay it until next year. c. Veritas, Inc. paid $7,200 for a two-year insurance policyfor the current year and for next year. Requirement 1. Indicate which of the events would result in recognizing expenses for the year in which the described event takes place; give the journal entry. (Take the company's point of view.) Date Accounts and Explanation Credit Debit 13,200 Cash Revenue ................ 13,200 To record the collection of cash for sales Now give the journal entry for the cost related to the sale. Date Accounts and Explanation Debit Credit Date Accounts and Explanation Debit Credit Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,200 13,200 Accounts receivable Now give the Cash Cost of goods sold Insurance expense Inventory Note payable Prepaid insurance Revenue Utilities expense Utilities payable Date Debit Credit Date Accounts and Explanation Debit Credit Cash 13,200 R e venue . . . . . . . . . . 13,200 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Now give Date Debit Credit To record a cash payment on accounts payable To record insurance expense To record insurance paid in advance To record the collection of cash for items to be provided To record the collection of cash for sales To record the expense of cost of goods sold and reduce inventory To record utilities expense at year-end To record utilities expense paid in cash