accounting question

Project Description:

the net income of steinbach & sons, a janitorial services company, decreased sharply during 2012. mort steinbach, owner of the company, anticipates the need for a bank loan in 2010 to provide working capital.

late in 2012, steinbach instructs the company’s accountant to record a $2,000 sale (as revenue) of janitorial services to the steinbach family, even though the services will not be performed until january 2013.

steinbach also tells the accountant to make the following december 31, 2012, adjusting entries:

salaries owed to employees............................$900
prepaid insurance that has expired..................$400

what balance sheet accounts are affected by these adjusting entries?

what income statement accounts are affected by these adjusting entries?

what will the effects be of the overall transactions on reported income for 2012?

why would steinbach take these actions? are these adjusting entries routine? why or why not?
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