Preparing Accounting Transactions and Adjustments

Sloan Company has the following account balances at December $31,$ the end of its fiscal year $($all accounts have normal balances$).$

a$.$ Prepare Sloan Company's accounting adjustments at December $31$ using journal entries and the following additional information.

Prepaid advertising at December $31$ is $$480.$

Unpaid wages earned by employees in December are $$1,560.$

Prepaid insurance at December $31$ is $$1,368.$

Unearned service fees at December $31$ are $$1,800.$

Rent revenue of $$600$ owed by a tenant is not recorded at December $31.$

b$.$ Record journal entries for the following transactions on January $4$ of the following year:

Payment of $$2,880$ cash in wages.

Cash receipt from the tenant of the $$600$ rent revenue.

Note: List any multiple debits or any multiple credits in alphabetical order by account name.