- - 18 2 uestion 7 of 12 Wang Company accumulates the following adjustment data at December 31. For each item, indicate (1) the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.) (1) Type of Adjustment (2) Accounts Before Adjustment a Services performed but unbilled total $540. b. Store supplies of $143 are on hand. The supplies account shows a $1,710 balance c C Utility expenses of $250 are unpaid and unrecorded. d. Services performed of $442 have been collected in advance. Google Courses Tube Home Day Movies and shows - NWP Amet Wey Courses -/8 !!! Question 7 of 12 C Utility expenses at $250 are unpaid and unrecorded d Services performed of $442 have been collected in advance. III Salaries of $556 are unpaid and unrecorded Prepaid insurance totaling $360 has expired eTextbook and Media Svo Attempts: 0 of 3 uned Sutt Answer MacBook Pro Q 2 3 $ 4 $ 5 6 UN 8 1 O 9 W E R Y U I 0 S D F G H J L C V M I Expenses Understated Assets Understated Revenues Understated Revenues Overstated Expenses Overstated Liabilities Overstated Liabilities Understated Assets Overstated > n advance. 4 Accrued Expenses Accrued Revenues Unearned Revenues Prepaid Expenses Attempts: 0 of 3 used Submit Anwar