At Concord Corporation, prepayments are debited to expense when paid, and unearned revenues are credited to revenue when cash is received. During January of the current year, the following transactions occurred.

Jan. 2 Paid $1,644 for fire insurance protection for the year.

10 Paid $1,462 for supplies.

15 Received $5,246 for services to be performed in the future.

On January 31, it is determined that $2,150 of the services were performed and that there are $559 of supplies on hand.

Question 4 of 6 Cash 1/15 5,246 1/2 1644 1/10 1.462 Bal Prepaid Insurance 1/31 Insurance Expense 1/2 1,644 Bal Supplies 1/31 Supplies Expense 1/10 1.462 1/31 + US . Unearned Service Revenue 1/31 : Service Revenue 50 Mace esc o Supplies Expense 1/10 1,462 1/31 Bal. Unearned Service Revenue 1/31 Service Revenue 1/15 5,246 Bal Assistane e Textbook and Media Assistang List of Accounts Question 4 of 6 Cash 1/15 5,246 1/2 1644 1/10 1.462 Bal Prepaid Insurance 1/31 Insurance Expense 1/2 1,644 Bal Supplies 1/31 Supplies Expense 1/10 1.462 1/31 + US . Unearned Service Revenue 1/31 : Service Revenue 50 Mace esc o Supplies Expense 1/10 1,462 1/31 Bal. Unearned Service Revenue 1/31 Service Revenue 1/15 5,246 Bal Assistane e Textbook and Media Assistang List of Accounts