The following selected accounts appear in the Shaw Companys unadjusted trial balance as of December 31, the end of the fiscal year (all accounts have normal balances):

Adjusting Entries The following selected accounts appear in the Shaw Company s unadjusted trial balance as of December 31, the end of the fiscal year (all accounts have normal balances): Prepaid Advertising $1,200 Unearned Service Fees $5,400 Wages Expense 43,800 Service Fees Earned 87,000 4,900 Prepaid Insurance 3,420 Rental Income Required Prepare the necessary adjusting entries in the general journal as of December 31, assuming the following: 1. Prepaid advertising at December 31 is $950. 2. Unpaid wages earned by employees in December are $1,600. 3. Prepaid insurance at December 31 is $2,750. 4. Unearned service fees at December 31 are $2,800. 5. Rent revenue of $1.300 owed by a tenant is not recorded at December 31. General Journal Ref Debit Date Description Credit Dec 31 Advertising Expense (1) 950 Prepaid Advertising To record advertising expense. 31 Wages Payable 1,600 Wages Expense 1,600 To record accrued wages at December 31. 31 Insurance Expense 2,750 Prepaid Insurance 2,750 To record insurance expense. 31 Service Fees Earned Unearned Service Fees To transfer fees earned from unearned fees. 31 To record rent earned but not yet recorded