Adjusting Entries (this is review from Week 2, then linking the accounts to the financial statements we learned about in Week 3). For the adjusting 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 services performed that the customer paid for in advance. b. Entry to record employee wages for hours worked during the month, but will not be paid until the next month. c. Entry to record work done on a project partially completed, but will not be billed until it is completed next month. d. Entry to record expiration (use) of one month of insurance on a 6-month policy that was paid for in advance. e. Entry to record one-month use of equipment with an estimated useful life of 5 years. Accounts a. Account to be debited a. Account to be credited b. Account to be debited b. Account to be credited c. Account to be debited c. Account to be credited d. Account to be debited - d. Account to be credited e. Account to be debited e. Account to be credited Answer is not complete. Account Title. Financial Statement Balance sheet Accounts receivable Uneamed revenue Depreciation expense Accumulated depreciation Unearned revenue Income statement Balance sheet Income statement Balance sheet Income statement Income statement Balance sheet Balance sheet Income statement