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.

Journalize and post the adjusting entries at January 31.