A Review of the Ledger of Weakly Service Co (C) Unearned Service Revenue $171,000

A review of the ledger of Weakly Service Co. at December 31, 2014, produces the following data pertaining to the preparation of annual adjusting entries:
(a) Notes Payable $80,000: This is a 9-month note, dated September 1, 2014, with a 9% interest rate.
(b) Prepaid Rent $648,000. The company rents offices throughout the Midwest. During 2014 it signed 10 leases as shown below: $\begin{array}{lrr} &\text{ Term }& \text{ Monthly } &\text{ Number of } \\ \text{ \underline{\text{ Date }} } & \text{ \underline{\text{ (in months) }} } & \text{ \underline{\text{Rent }} } & \text{ \underline{\text{leases }} } \\ \text{ Sept. 1 } & 8 & \$ 4,500 & 4 \\ \text{ Nov. 1 } & 12 & 7,000 & 6 \\ \end{array}$ (c) Unearned Service Revenue $171,000. During 2014 the company entered into 13 monthly service contracts with clients. The clients prepaid for the services to be provided over the contract period in an even manner. $\begin{array}{lrr} &\text{ Service Period }& \text{ Amount } &\text{ Number of } \\ \text{ \underline{\text{ Date }} } & \text{ \underline{\text{ (in months) }} } & \text{ \underline{\text{ Per Contract }} } & \text{ \underline{\text{ Contracts }} } \\ \text { Aug. 1 } & 9 & \$ 12,600 & 8 \\\text { Oct. 1 } & 6 & 15,000 & 5\end{array}$ Instructions:
Prepare the adjusting entries at December 31, 2014. Show all computations.