Assessing Financial Statement Effects of Transactions and Adjustments Across Two Periods Sloan Company has the following account balances at December 31, the end of its fiscal year (all accounts have normal balances). a. Prepare Sloan Company's accounting adjustments at December 31 using the financial statement effects template and the following additional information. 1. Prepaid advertising at December 31 is $640. 2. Unpaid wages earned by employees in December are $2,080. 3. Prepaid insurance at December 31 is $1,824. 4. Unearned service fees at December 31 are $2,400. 5. Rent revenue of $800 owed by a tenant is not recorded at December 31 . Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. b. Use the financial statement effects template to record the following transactions on January 4 of the following year: 1. Payment of $3,840 cash in wages. 2. Cash receipt from the tenant of the $800 rent revenue. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount