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d. In late October, Faraday agreed to become the sponsor for the sports segment of...

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Accounting

d. In late October, Faraday agreed to become the sponsor for the sports segment of the evening news program on a local television The station billed Faraday $4,350 for 3 months' sponsorship-November 2019, December 2019, and January 2020-in advance. these payments were made, Faraday debited prepaid advertising. At December 31,2 months' advertising has been used and 1n remains unused.
Required:
Prepare adjusting entries at December 31 for these four activities.
Dec. 31
Prepaid Insurance
(Record use of prepaid insurance)
Dec. 31 Utilities Expense
(Record use of utilities)
Dec. 31
Rent Payable
(Record use of equipment)
Dec. 31
(Record use of prepaid advertising)
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