The unadjusted trial balance and adjustment data of Mark€™s Motors at December 31, 2016, follow:

Adjustment data at December 31, 2016:
a. Depreciation on equipment, $1,600.
b. Accrued Wages Expense, $1,000.
c. Office Supplies on hand, $100.
d. Prepaid Insurance expired during December, $200.
f. Accrued Service Revenue, $800.
2017 transactions:
a. On January 4, Mark€™s Motors paid wages of $1,200. Of this, $1,000 related to the accrued wages recorded on December 31.
b. On January 10, Mark€™s Motors received $1,500 for Service Revenue. Of this, $800 related to the accrued Service Revenue recorded on December 31.
Requirements
1. Journalize adjusting entries.
2. Journalize reversing entries for the appropriate adjusting entries.
3. Refer to the 2017 data. Journalize the cash payment and the cash receipt that occurred in 2017.

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MARK'S MOTORS Unadjusted Trial Balance December 31, 2016 Balance Account Title Cash Accounts Receivable Office Supplies Prepaid Insurance Equiment Accumulated Depreciation- Equipment Accounts Payable Wages Payable Unearned Revenue Common Stock Dividends Service Revenue Depreciation Expense-Equipment Wages Expense Insurance Expense Utilities Expense Supplies Expense Total Debit 4,800 26,600 Credit 600 2,400 53,900 $41,500 13,500 5,500 18,900 4,200 16,300 1,500 1,700 $95,700 $95,700