At the Devereaux Company, prepayments are debited to expense when paid and unearned revenues are credited to revenue when received. During January of the current year, the following transactions occurred:

Jan. 2 Paid \(\$ 3,600\) for fire insurance protection for the year.

10 Paid \(\$ 1,700\) for supplies.

15 Received \(\$ 5,100\) in fees for services to be performed in the future.

On January 31, it is determined that \(\$ 1,200\) of the services fees have been earned and that there are \(\$ 800\) of supplies on hand.

\section*{Instructions}

(a) Journalize and post the January transactions. (Use \(\mathrm{T}\) accounts.)

(b) Journalize and post the adjusting entries at January 31.

(c) Determine the ending balance in each of the accounts.