Account Number	Account Name	Debit Amount	Credit Amount
1	Office Supplies Adjustment	2460
	Office Supplies Inventory		2460
2	Prepaid Insurance Adjustment	acc no. 688 monthly proportion of prepaid insuance
	Prepaid Insurance		acc no. 114 the same amount as debited to insurance
3	Rent Expense	acc no. 687 the monthly portion of prepaid rent
	Prepaid Rent		acc no. 113 the same amount as debited to rent expense
4	Salaries Expense	3110
	Salaries Payable		3110
5	Deprecation Expense	acc no. 695 monthly deprecation expense
	Accumulated Deprecation		acc no. 165 monthly deprecation expense
6	Unearned Revenue	acc no. XXX two thirds of the unearned revenue
	Service Revenue		acc no. XXX two thirds of the unearned revenue

1. In a couple of sentences, please explain why a company would need to make adjustments at the end of an accounting period. (3 points)
2. List the FOUR different types of transactions that usually require adjustments at the end of an accounting period. (4 points)
3. For each adjustment you made in the previous question, indicate which type of transaction it corresponds to. (6 points