In each of the following transactions (a) through (c) for romney's marketing company, use the three-step process illustrated in the chapter to record only the adjusting entry at the end of the current year. the process includes (1) determining if revenue was earned or an expense was incurred, (2) determining whether cash was received or paid in the past or will be received or paid in the future, and (3) computing the amount of the adjustment. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)