Question 1: The prepaid insurance account had a beginning balance of $4,000 and was debited for $1,800 of premiums paid during the year. Journalize the adjusting entry required at the end of the year, assuming the amount of unexpired insurance related to future periods is $2,100. Indicate debits and credits when submitting.

Question 2: The balance in the unearned fees account, before adjustment at the end of the year, is $38,900. Journalize the adjusting entry required if the amount of unearned fees at the end of the year is $18,700. Indicate debits and credits when submitting.

Question 3: At the end of the current year, $17,968 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees. Indicate debits and credits.

Question 4: Landmark Realty Co. pays weekly salaries of $15,000 on Friday for a five-day week ending on that day. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Thursday. Indicate debits and credits.

Question 5: The estimated amount of depreciation on equipment for the current year is $7,648. Journalize the adjusting entry to record the depreciation. Indicate debits and credits.

Question 6: For the year ending December 31, 2019, Schein Medical Co. mistakenly omitted adjusting entries for (1) $7,200 of unearned revenue that was earned, (2) earned revenue of $18,500 that was not billed, and (3) accrued wages of $3,200. Indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income for the year ended December 31, 2019.

Question 7: For each of the following errors, considered individually, indicate whether the error would cause the adjusted trial balance totals to be unequal. If the error would cause the adjusted trial balance totals to be unequal, indicate whether the debit or credit total is higher and by how much.

1. The adjustment for accrued fees of $5,340 was journalized as a debit to Accounts Payable for $5,340 and a credit to Fees Earned of $5,340.
2. The adjustment for depreciation of $3,260 was journalized as a debit to Depreciation Expense for $3,620 and a credit to Accumulated Depreciation for $3,260

Please answer all questions, thank you in advance.