The ledger of Giovanni Party Decorations Company includes the following unadjusted balances: Prepaid Insurance $4,000, Service Revenue $58,000, and Salaries Expense $25,000.

Adjusting entries are required for

(a) expired insurance $1,200;

(b) services provided $900, but unbilled and uncollected; and

(c) accrued salaries payable $800. Enter the unadjusted balances and adjustments into a work sheet and complete the work sheet for all accounts. (Note: You will need to add the following accounts: Accounts Receivable, Salaries Payable, and Insurance Expense.) LO8