2) Case Study: The bookkeeper for Harmony company has no enough experience to prepare the adjustments, and he asked you to prepare the following adjusting entries on December 31. 1. Unearned revenue of $260 has been earned. 2. Salaries of $900 are unpaid. 3. Prepaid insurance totaling $350 has expired. As an accountant help the bookkeeper to prepare the adjustments, and tell him the reasons for making each adjustment. 3) Question: Nunez Company accumulates the following adjustment data at December 31. Indicate (a) the type of adjustment (prepaid expense, accrued revenues and so on), and (b) the status of accounts before adjustment (overstated or understated). 1. Supplies of $100 are on hand, 2. Services provided but not recorded total $900, 3. Interest of $200 has accumulated on a note payable, 4. Rent collected in advance totaling $800 has been earned