Problem #4 At Lebron & Co. prepayments are debited to expense when paid and unearned revenues are credited to revenues when cash is received. During January of the current year, the following transactions occurred: 2-Jan Paid $16,000 for supplies 8-Jan Paid $4,800 for insurance for the year 22-Jan received $9,600 for services to be performed in the future At January 31st it is determined that $4,800 of supplies are on hand During January $2,100 of services were perormed A Journalize and post the January transactions, (use Taccounts) Journalize and post the adjusting entries at January 31st B