Adjusting entries affect at least one balance sheet account and at least one income statement account. For the entries below, identify the account to be debited and the account to be credited. Indicate which of the accounts is the income statement account and which is the balance sheet account. Assume the company records prepayments of expenses in asset accounts, and cash receipts of unearned revenues in liability accounts. a. Entry to record expiration of Prepaid insurance b. Entry to record consulting services performed but not yet billed (nor recorded) c. To record janitorial expense incurred but not yet paid. d. To record expiration of prepaid rent e. To record supplies used as supplies expense Accounts Account Title Financial Statement a. Account to be debited Account to be credited b. Account to be debited Account to be credited Accumulated depreciation C. Account to be debited Depreciation expense Account to be credited Insurance expense d. Account to be debited Account to be credited e. Account to be debited Account to be credited