1. Preparation of Adjusting Entries

   Bartow Photographic Services takes wedding and graduation photographs. At December 31, the end of Bartow's accounting period, the following information is available:

   1. All wedding photographs are paid for in advance, and all cash collected for them is credited to Unearned Service Revenue. Except for a year end adjusting entry, no other entries are made for service revenue from wedding photographs. During the year, Bartow received $42,600 for wedding photographs. At year end, $37,470 of services had been performed. The beginning-of-the-year balance of Unearned Service Revenue was zero.
   2. During December, Bartow photographed 226 members of the next year's graduating class of Shaw High School. The school has asked Bartow to print one copy of a photograph of each student for the school files. Bartow delivers these photographs on December 28 and will bill the school $5.00 per student in January of next year. Revenue from photographs ordered by students will be recorded as the orders are received during the early months of next year.
   3. Equipment used for developing and printing was rented for $22,500. The rental term was for 1 year beginning on August 1 and the entire year of rent was paid on August 1. The payment was debited to Prepaid Rent.
   4. Depreciation on the firm's building for the current year is $9,390.
   5. Wages of $4,178 are owed but unpaid and unrecorded at December 31.
   6. Supplies at the beginning of the year were $2,400. During the year, supplies costing $19,600 were purchased from Kodak. When the purchases were made, their cost was debited to Supplies. At year end, a physical inventory indicated that supplies costing $4,100 were on hand.

   Required:

   1. Prepare the adjusting entries for each of these items.

   a.

   Dec. 31		fill in the blank 2b188a01cff3fd7_2
   			fill in the blank 2b188a01cff3fd7_4
   	(Record earned revenue)

   b.

   Dec. 31		fill in the blank aaf90dff802dfff_2
   			fill in the blank aaf90dff802dfff_4
   	(Record credit sales to customers)

   c.

   Dec. 31		fill in the blank 3898cdfde010fc0_2
   			fill in the blank 3898cdfde010fc0_4
   	(Record use of prepaid rent)

   d.

   Dec. 31		fill in the blank ccd7af0d3fadfb1_2
   			fill in the blank ccd7af0d3fadfb1_4
   	(Record depreciation)

   e.

   Dec. 31		fill in the blank 196e1dfcd00d02f_2
   			fill in the blank 196e1dfcd00d02f_4
   	(Record wages owed to employees)

   f.

   Dec. 31		fill in the blank d4e143075fd6045_2
   			fill in the blank d4e143075fd6045_4
   	(Record use of supplies)

   2. Conceptual Connection: By how much would net income be overstated or understated if the accountant failed to make the adjusting entries? by $fill in the blank 45301cffefaafbb_2