BE3-8 The trial balance of Bair Company includes the following balance sheet accounts.

Identify the accounts that may require adjustment. For each account that requires adjustment, indicate

(a) the type of adjusting entry (prepaid expenses, unearned revenues, accrued revenues, and accrued expenses) and

(b) the related account in the adjusting entry.

Accounts Receivable Interest Payable Prepaid Insurance Unearned Service Revenue Accumulated Depreciation—Equipment