An accountant made the following adjustments at December 31 , the end of the accounting period: a. Prepaid insurance, beginning, $300. Payments for insurance during the period, $1,840. Prepaid insurance, ending, $1,030. b. Interest revenue accrued, $1,480. c. Unearned service revenue, beginning, $1,300. Unearned service revenue, ending, $750. d. Depreciation, $4,600. e. Employees' salaries owed for three days of a five-day work week; weekly payroll, $20,000. f. Income before income tax, $24,200. Income tax rate is 25%. Requirements 1. Journalize the adjusting entries. 2. Suppose the adjustments were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustn understated amounts and totals.) Requirement 1. Journalize the adjusting entries. (Record debits first, then credits. Explanations are not required. Leave unused cells blank.) a. Prepaid insurance, beginning, $300. Payments for insurance during the period, $1,840. Prepaid insurance, ending, $1,030. Journalize the adjusting entry for insurance expense. b. Interest revenue accrued, $1,480. Journalize the adjusting entry for the interest revenue accrued. b. Interest revenue accrued, $1,480. Journalize the adjusting entry for the interest revenue accrued. c. Unearned service revenue, beginning, \$1,300. Unearned service revenue, ending, $750. Journalize the adjusting entry for the unearned service revenue earned. d. Depreciation, $4,600. Journalize the adjusting entry for depreciation. e. Employees' salaries owed for three days of a five-day work week; weekly payroll, $20, Journalize the adjusting entry for the employee salaries owed. f. Income before income tax, $24,200. Income tax rate is 25%. Journalize the adjusting entry for income tax expense. Journal Entry \begin{tabular}{l||l||l||l|} \hline & Accounts & Debit & Credit \\ \hline f. & & & \\ \hline & & & \end{tabular} Requirement 2. Suppose the adjustments were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments. understatements. Leave unused cells blank. Complete the entire table before checking your answer.)