Abott Corporation encounters the following situations:
1.	Abott collects $1,750 from a customer in 2014 for services to be performed in 2015.
2.	Abott incurs utility expense which is not yet paid in cash or recorded.
3.	Abott employees worked 3 days in 2014 but will not be paid until 2015.
4.	Abott performs services for a customer but has not yet received cash or recorded the transaction.
5.	Abott paid $2,400 rent on December 1 for the 4 months starting December 1.
6.	Abott received cash for future services and recorded a liability until the service was performed.
7.	Abott performed consulting services for a client in December 2014. On December 31, it had not billed the client for services provided of $1,200.
8.	Abott paid cash for an expense and recorded an asset until the item was used up.
9.	Abott purchased $750 of supplies in 2014; at year-end, $400 of supplies remain unused.
10.	Abott purchased equipment on January 1, 2014; the equipment will be used for 5 years.
11.	Abott borrowed $10,000 on October 1, 2014, signing an 8% one-year note payable.
Instructions
Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued revenue) is needed in each situation, at December 31, 2014.
Your answers:
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11.