A two year insurance policy for $10,560 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Adjustment Type: Employees earned $3,500 in salanes that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $5,300. Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Completed services that were paid for six months earlier, $4,730. The Service Revenue unadjusted balance as of December 31 is $11,700. The Unearned Revenue balance as of December 31 is $7,200