Adjustments The following selected accounts of the Shaw Company have unadjusted balances as of December 31, the end of the fiscal year: Prepaid advertising $1,200 Unearned service fees $5,400 Wages expense 43.800 Service fees earned 87,000 Prepaid insurance 3,420 Rental income 4,900 REQUIRED Using the Transaction analysis Template determine the financial statement effect of the necessary adjustments as of December 31, assuming the following: 1. Prepaid advertising at December 31 is $800. 2. Unpaid wages earned by employees in December are $1,300. 3. Prepaid insurance at December 31 is $2,280. 4. Unearned service fees at December 31 are $3,000. 5. Rent revenue of $1,000 owed by a tenant is not recorded at December 31. Note: Use negative signs with answers, when appropriate Balance Sheet Stockholders' Transaction Liabilities Expenses - Net Income 1. Advertising 2. Wages 3. Insurance Income Statement Assets Equity 4. Service fees 5. Rent revenue Check