Accounting for Accruals and Deferrals ENT N & LENT/S Os to be - end of ent. 1. Ahmed started his own consulting firm on May 1, 2021, at the end of the month; Ahmed needs to prepare financial statements. bric or ze for irement.) As an accountant you are required to help Ahmed in classifying the following accounts to the elements of financial statements. (5 marks) 1. Furniture 2. Accounts payable 3. Revenue 4. Maintenance and repair expense 5. Drawing 2. Zaragoza Company accumulates the following adjustment data at December 31. 1. Services performed but not recorded total $1,000. 2. Supplies of $300 have been purchased. 3. Utility expenses of $225 are paid. 4. Services related to service of $260 were performed. 5. Salaries of $800 are unpaid. Instructions: a) Identify the appropriate account title for each of the previous transactions. (2.5 marks) b) Assess the effects of the above stated transactions on the company's statement (2.5 marks)