Preparation of Adjusting Entries Bartow Photographic Services takes wedding and graduation photographs. At December 31, the end of Bartows accounting period, the folowing information is avaliable: a. All wedding photogrephs 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 eatries are made for service revenue from wedding photographs. During the yeac, Bartow received $42,600 for wedding photographs. At vear end, $37,340 of services had been performed. The beginning-of-the-year balance of Unearned Service Revenue was zero. b. During December, Bartow photographed 228 members of the next year's graduating class of Shaw High School. The school has asked Bartow to print one cooy 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. c. 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 Prepald Rent. d. Depreclation on the firm's building for the current year is $9,410. e. Wages of $4,177 are owed but unpald and unrecorded at December 31 . f. 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, theif 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. If an amount box does not require an entry, leave it blank. a. Dec. 31 b. Dec. 31 c. Dec. 31 d. Dec. 31 e. Dec. 31 f. 2. Conceptual Connection: By how much would net income be averstated or understated if the accountant failed to make the adjusting entries? by