Use the information given below to pass ONLY the adjusting entries at the time of preparing the financial statements. The financial stat the end of every month. Marks] This is the beginning of January month and the firm undertakes the following transaction on 01st of January. Pass all relevant adjus transactions at the end of month of January. (a) Pays advance rent of $12,000 to Mr Jones for using the premises for the next twe machine by making cash payment of $100,000 upfront. The machine will be completely depreciated over the next 10 years and the fin depreciation expense every year. (c) The company borrows $120,000 at 10% annual coupon (interest cost) for 5 years. The annu made after the end of every year for the next 5 years. Use the information given below to pass ONLY the adjusting entries at the time of preparing the financial statements. The financial stat the end of every month. Marks] This is the beginning of January month and the firm undertakes the following transaction on 01st of January. Pass all relevant adjus transactions at the end of month of January. (a) Pays advance rent of $12,000 to Mr Jones for using the premises for the next twe machine by making cash payment of $100,000 upfront. The machine will be completely depreciated over the next 10 years and the fin depreciation expense every year. (c) The company borrows $120,000 at 10% annual coupon (interest cost) for 5 years. The annu made after the end of every year for the next 5 years