1. It is the end of the period You just received the utility bill and you owe $500 for utilities used during the period. The bill is not due for another 15 days.

2. It is the end of the month and you have provided services to customers who have yet to be invoiced.

3. It is the end of the month. The records claim that Supplies of $100 are on hand.

4. On January 1, a customer paid for services. It is the end of the month and you realize that you provided the services to that customer on January 28.

• Type of Adjustment
• Assets
• Liabilities
• Revenues
• Expenses
• Net Income