INFERRING ADJUSTING ENTRIES FROM ACCOUNT BALANCE CHANGES The following schedule shows all the accounts of Fresno Travel Agency that received year-end adjusting entries:

Account Unadjusted Account Balance Adjusted Account Balance Prepaid Insurance $ 23,270 $ 4,550 Prepaid Rent 3,600 4,800 Accumulated Depreciation 156,000 (a)

Wages Payable 0 3,770 Unearned Revenue, service 3,620 (b)

Service Revenue 71,600 73,920 Insurance Expense 0 (c)

Rent Expense 29,700 (d)

Depreciation Expense 0 16,000 Wages Expense 44,200 (e)

Required:

. Calculate the missing amounts identified by the numbers

(a) through (e).

. Prepare the five adjusting entries that must have been made to cause the account changes as indicated.