quirement 1. Journalize the adjusting entries (Record debits first, then credits Esclude explanations from any ouma entre) repaid insurance, beginning, $500. Payments for insurance during the period, $2,400. Prepair Journal Entry More info X Requirements 1. Journalize the adjusting entries 2. Suppose the adjustments were not made. Calculate the overall overstatement or understatement of net income resulting from the mission of these adjustments . Prepaid insurance, beginning, $500. Payments for insurance during the period. 52.400. Prepared and ending. $300 b. Interest revenu cred, $2.400 c. Unearned service revenu, beginning, $1.000. Uneamed service revenus ending, 5500 d. Depreciation of building, 55.400 .. Employees are owed for two days of five-day work week payroll $12.000 t Income before income tax $27,000 income tax rate is 35%. Print Done Print Done neamed service revenue, beginning, 51,200. Uneamed service revenue, ending, 5500 Journal Entry Accounts Debat Credit a. Prepaid insurance, beginning, $500. Payments for insurance during the period, $2,400. Prepaid insurance, ending, $300 Journal Entry Accounts Debit Credit b. Interest revenue accrued, $2,400. Journal Entry Accounts Debit Credit b. c. Uneamed service revenue, beginning, $1,900. Uneared service revenue, ending, $500 Journal Entry Accounts Debit Credit d. Depreciation on building, $5,400. Journal Entry Accounts Debit Credit d. e. Employees' salaries owed for two days of a five-day work week; weekly payroll, $12,000. Journal Entry Accounts Debit Credit e. f. Income before income tax, $27,000. Income tax rate is 35%. Journal Entry Accounts Debit Credit f. Requirement 2. Suppose the adjustments were not made. Call the lovement or neement of raincome bomention of these Enter the amounts of either the certatement of understatement of rat income art of anting the water www orang tentang Net Income over underwater result of mo Insurance Expense Interest Revenue Service Revenue Depreciation Expense Salary Expanse Income Tax Expense Total over understatement of net income