L03, 4 P3-6A. Adjusting Entries The following selected accounts appear in the Shaw Company's unadjusted trial balance as of December 31, the end of the fiscal year (all accounts have normal balances): 5,400 Prepaid advertising..... . . . .. 1.200 Unearned service fees Wages expense .. 87,000 4,900 43,800 Service fees earned 3,420 Rental income Prepaid insurance Required Prepare the necessary adjusting entries in the general journal as of December 31, assuming the following 1. Prepaid advertising at December 31 is $950. 2. Unpaid wages earned by employees in December are $1,600. 3. Prepaid insurance at December 31 is $2,750. 4. Unearned service fees at December 31 are $2,800. 5. Rent revenue of $1,300 owed by a tenant is not recorded at December 31. in the Birch Company's unadjusted trial P3-7A. Adjusting Entries The following selected accounts appear LO3, 4 as of December 31, the end of the fiscal year (all accounts have normal balances): $2,700 Commission fees earned $86,000 Supplies Unearned commission fees 8,500 Required Prepare the necessary adjusting entries in the general journal as of December 31, assuming the following 1. On September 1, the company entered into a prepaid equipment maintenance contract. Birch Company paid $2,700 to cover maintenance service for six months, beginning September 1. The $2,700 payment was debited to Prepaid Maintenance. 2. Supplies on hand at December 31 are $3,200. 3. Unearned commission fees at December 31 are $4,000. 4. Commission fees earned but not yet billed at December 31 are $3,500. (Note: Debit Fees Receivable.) 5. Birch Company's lease calls for rent of $900 per month payable on the first of each month, plus an annual amount equal to 1 percent of annual commissions earned. This additional rent is payable on January 10 of the following year. (Note: Be sure to use the adjusted amount of commissions earned in computing the additional rent.)