Adjusting entries affect one balance sheet account and one income statement account. For the entries listed below, identify the account to be debited and the account to be credited. Indicate which of the two accounts is the income statement account and which is the balance sheet account.
a. Entry to record annual depreciation expense.
b. Entry to show wages earned by employees but not yet paid.
c. Entry to show revenue earned that was previously received as cash in advance.
d. Entry to show expiration of prepaid insurance.
e. Entry to show revenue earned but not yet billed.