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:
Nonmanipulated Independent Variable
An independent variable for which condition assignment is determined by a characteristic of the participant.
Dependent Variable
The experimental variable measured by the experimenter and used to compare groups.
College Education
College education refers to the post-secondary learning experience offered by colleges and universities, leading to the award of a degree, diploma, or certificate.
Law of Parsimony
A principle that suggests when faced with competing hypotheses, the one that makes the fewest assumptions should be selected.
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