I need these answer Today By 7p. I can not change if any one can help thanks.On June 30, 2004 Apricot Co. paid $5,000 cash for management services to be performed over a two-year period. Apricot follows a policy of recording all prepaid expenses to asset accounts at the time of cash payment.The adjusting entry on December 31, 2004 for Apricot would include:(Points: 5)A debit to an expense for $1,250.A debit to a prepaid expense for $1,250.A credit to an expense for $3,750.A debit to a prepaid expense for $3,750.A credit to a liability for $1,250.14. On April 1, 2004 a company paid the $1,350 premium on a three-year insurance policy with benefits beginning on that date. What will be the insurance expense on the annual income statement for the year ended December 31, 2004? (Points: 5)$1,350.$450.$1,012.50.$337.50.$37.50.15. On May 1, 2004 Giltus Advertising Company received $1,500 from Julie Bee for advertising services to be completed April 30, 2005. The Cash receipt was recorded as unearned fees and at December 31, 2004, $500 of the fees had been earned. The adjusting entry on December 31 Year 1 should include: (Points: 5)A debit to Unearned Fees for $500.A credit to Unearned Fees for $500.A credit to Earned Fees for $1,000.A debit to Earned Fees for $1,000.A debit to Earned Fees for $500.