An accountant made the following adjustments at December 31, the end of the accounting period: a. Prepaid insurance, beginning, $600. Payments for insurance during the period, $1,830. Prepaid insurance, ending, $950. b. Interest revenue accrued, $1,480. C. Unearned service revenue, beginning, $1,100. Unearned service revenue, ending, $800. d. Depreciation, $4,900. e. Employees' salaries owed for three days of a five-day work week; weekly payroll, $19,800. f. Income before income tax, $24,200. Income tax rate is 25%. Requirements 1. 2. Journalize the adjusting entries. Suppose the adjustments were not made. Compute the overall overstatement or understatement of net income as a result of the omission of these adjustments. (Use parentheses or a minus sign for any understated amounts and totals.)