The following information.

v' Self-Check: (mammal Answer the requirement for the following case. Compile your answers to your portfolio. The following information relates to Fanning's Electronics on December 31, 2011. The company, which uses the calendar year as its annual reporting period, initially records prepaid and unearned items in balance sheet accounts [assets and liabilities, respectively). a. The company's weekly payroll Is $8,750, paid each Friday for a ve-day workweek. Assume December 31, 2011, falls on a Monday, but the employees will not be paid their wages until Friday, January 4, 2012. b. Eighteen months earlier, on July 1, 2010, the company purchased equipment that cost $20,000. Iis useful life is predicted to be ve years, at which time the equipment is expected to be worthless (zero salvage value). c. On October 1, 2011, the company agreed to work on a new housing development. The company is paid $120,000 on October 1 in advance of future installation of similar alarm systems in 24 new homes. That amount was credited to the Uneamed Services Revenue account. Between October 1 and December 31, work on 20 homes was completed. d. On September 1, 2011, the company purchased a 12-month Insurance policy for $1,800. The transaction was recorded with an $1,800 debit to Prepaid Insurance. a. On December 29, 2011, the company completed a $7,000 service that has not been billed and not recorded as of December 31, 2011. Required Prepare any necessary adjusting entries on December 31, 2011, in relation to transactions and events a through e