acct ch 4 type of adjustment – Flashcards
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Services performed but unbilled totals $600
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accrued revenues, assets understated, revenues understated
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store supplies of $160 are on hand. The supplies account shows a $1900 balance
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prepaid expenses, assets overstated, expenses understated
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utility expenses of $275 are unpaid
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accrued expenses, expenses understated, liabilities understated
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service performed of $490 collected in advance
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unearned revenues, liabilities overstated, revenues understated
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salaries of %620 are unpaid
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accrued expenses, expenses understated, liabilities understated
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prepaid insurance totaling $400 has expired
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prepaid expenses, assets overstated, expenses understated
