On November 16, A. Co.

Received 36000 in
advance rental for 6 months. Give the Journal
and Adjusting Entries on December 31.

Received 63,000 in cash advance from a

customer for one year services to be
rendered starting June 1. Give the Journal
and Adjusting Entry on Dec. 31.

On December 1, L. Ching Co. received 39,000

for services yet to be rendered for the next 3
months starting on Dec. 1. Give the journal
entry and Adjusting entry on Dec. 31.