3 Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use Unadj. Bal, as the label for the opening balance of each account. Calculate the adjusted balance and use a Bal. posting reference to show the ending balance of each account. Enter each transaction on the first available line in the T-Account Customers were billed for $2,010 for work completed. The Service Revenue unadjusted balance as of December 31 is $7,600 Adjustment Type: Accounts Receivable Service Revenue A two-year insurance policy for $1,320 was purchased on November 1 of the current year. Record the transaction for the two months ended December 31. Adjustment Type: Insurance Expense Prepaid insurance Depreciation for the current year includes Equipment, $4,520. The Accumulated Depreciation Equipment unadjusted balance as of December 31 is $11,400. Adjustment Type: Depreciation Expense - Equipment Accumulated Depreciation - Equipment