Using the form below, record each of the following transactions for Mayer Corporation during the year ending December 31, Year 1. (Note: There is no need to provide appropriate account titles for the Retained Earnings amounts in the last column of the table.)November 1: Received cash from clients for services to be performed over the next six months, $12,000November 1: Paid $1,200 for a 12-month insurance policyDecember 31: Recorded expiration of two months of the insuranceDecember 31: Earned $4,000 of the amount received from clients in November

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The Answer of Using the form below, record each of the following transactions for Mayer Corporation during the year ending December 31, Year 1. (Note: There is no need to provide appropriate account titles for the Retained Earnings amounts in the last column of the table.)November 1: Received cash from clients for services to be performed over the next six months, $12,000November 1: Paid $1,200 for a 12-month insurance policyDecember 31: Recorded expiration of two months of the insuranceDecember 31: Earned $4,000 of the amount received from clients in November

Using the Form Below, Record Each of the Following Transactions