Empire Bakers accumulates the following adjustment data on December 31. Indicate

(a) The type of adjustment (prepaid expense, accrued revenues, and so on) and

(b) The accounts before adjustment (overstated or understated).

1. Prepaid supplies of $800 are used.

2. $600 worth of kitchen equipment has not been depreciated.

3. Interest of $450 has accumulated on a note payable.

4. $100 of the $600 insurance premium paid has been used.