Indicate the type of adjustment (Prepaid Expense, Unearned Revenue, Accrued Revenue, or Accrued Expense) and the accounts before adjustment (Overstated or Understated) for each of the following. Each one adjustment is listed 2 times – one for the Type of Adjustment and one for the Account impacts.
| A. |
Prepaid Expense |
| B. |
Accrued Expense |
| C. |
Accrued Revenue |
| D. |
Unearned Revenue |
| E. |
Assets Overstated |
| F. |
Assets Understated |
| G. |
Expenses Understated |
| H. |
Assets Overstated |
| I. |
Liabilities Overstated |
| J. |
Expenses Understated |
| K. |
Assets Understated |
| L. |
Liabilities Understated |
Supplies of $200 have been used
Supplies of $200 have been used
Salaries of $600 are unpaid
Salaries of $600 are unpaid
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Rent received in advance totaling $300 has been earned |
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Rent received in advance totaling $300 has been earned |
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Services provided but not recorded total $500 |
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Services provided but not recorded total $500 |
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Prepaid rent totaling $500 has expired Prepaid rent totaling $500 has expired |
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