Emeril Corporation encounters the following situations: 

1. Emeril collects \($1,000\) from a customer in 2008 for services to be performed in 2009. 

2. Emeril incurs utility expense which is not yet paid in cash or recorded. 

3. Emeril's employees worked 3 days in 2008, but will not be paid until 2009. 

4. Emeril earned service revenue but has not yet received cash or recorded the transaction. 

5. Emeril paid \($2,000\) rent on December 1 for the 4 months starting December 1. 

6. Emeril received cash for future services and recorded a liability until the revenue was earned. 

7. Emeril performed consulting services for a client in December 2008. On December 31, it billed the client \($1,200.\) 

8. Emeril paid cash for an expense and recorded an asset until the item was used up. 

9. Emeril purchased \($900\) of supplies in 2008; at year-end, \($400\) of supplies remain unused. 

10. Emeril purchased equipment on January 1, 2008; the equipment will be used for 5 years. 

11. Emeril borrowed \($10,000\) on October 1, 2008, signing an 8% one-year note payable. 

Instructions 

Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, accrued revenue) is needed in each situation, at December 31, 2008.