Gracio Co.had the following transactions in the last two months of its year ended December 31.Prepare entries for these transactions under the method that records prepaid expenses as expenses and records unearned revenues as revenues.Also prepare adjusting entries at the end of the year. 
Definitions:
Factory Overhead
All indirect costs associated with manufacturing, such as maintenance, utilities, and quality control, not directly tied to the production of specific goods.
Lawn Mower Manufacturer
A company that specializes in producing machines used for cutting grass.
Work in Process Inventory
Inventory that includes all partially completed goods and materials that are in the process of being manufactured.
Manufacturing Costs
Expenses directly related to the creation of goods, including raw materials, labor, and overhead costs involved in production.
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