Identify accounts. (LO 1, 4)

From the following list of accounts: (1) identify the assets or liabilities that may require an adjustment at the end of the accounting period, and (2) indicate whether it relates to a deferral or accrual.

Transcribed Image Text:

Cash Accounts receivable Prepaid insurance Prepaid rent Supplies Depreciation expense Insurance expense Supplies expense Utilities expense Rent expense Interest receivable Common stock Retained earnings Sales revenue Interest revenue Equipment Accumulated depreciation-equipment. Unearned revenue Interest payable Salaries payable Accounts payable Other operating expense