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Check my work 00 Hequired information The following information applies to the questions displayed below) Trotman's Variety Store is completing the accounting process for the current year just ended, December 31 The transactions during the year have been journalized and posted. The following data with respect to adjusting entries are available: Part 2 11.11 Wages earned by employees during December, unpaid and unrecorded at December 31, amounted to $4,600. The last payroll was December 28; the next payroll will be January 6. b. Orice supplies on hand at January 1 of the current year totaled $630 Office supplies purchased and debited to Office Supplies during the year amounted to $530. The year-end court showed $285 of supplies on hand. c One fourth of the basement space is rented to Kathy's Specialty Shop for $630 per month payable monthy. At the end of the current year, the rent for November and December had not been collected or recorded Collection is expected in January of the next year d. The store used delivery equipment all year that cost $69.000, 11400 was the estimated annus depreciation On July 1 of the current year a two year insurance premium amounting to $2,880 was paid in cash and debited in full to Prepaid Insurance Coverage began on July of the current year. The remaining basement of the store is rented for $1700 per month to another merchant, M. Carlos, Inc. Carlos seis compatible, but not competitive merchandise. On November of the current year, the store collected six months rent in the amount of $16.200 in advance from Carlos; it was created in to Uneaned Rent Revenue when collected Trotman's Variety Store operates a repair shop to meet its own needs. The shop also does repairs for MICarlos Al the end of the current year, Carlos had not paid $780 for completed repairs. This amount has not yet been recorded as Repair Shop Revenue Collection is expected during January of next your w of 9 Next > 2 Required: 1. Identify each of the transactions as a deferred revenue, deferred expense, accrued revenue, or accrued expense. Accrued expense Accrued revenue Wages earned by employees during December, uhpaid and unrecorded at December 31, amounted to $4,600. The last payroll was December 28; the next payroll will be January 6 Office supplies on hand at January 1 of the current year totaled $630. Office supplies purchased and debited to Office Supplies during the year amounted to $530. The year-end count showed $285 of supplies on hand. One-fourth of the basement space is rented to Kathy's Specialty Shop for $630 per month payable monthly. At the end of the current year, the rent for November and December had not been collected or recorded Collection is expected in January of the next year The store used delivery equipment all year that cost $69,000: $11,400 was the estimated annual depreciabon On July 1 of the current year, a two-year insurance premium amounting to $2,880 was paid in cash and debited in full to Prepaid Insurance Coverage began on July 1 of the current year The remaining basement of the store is rented for $1,700 per month to another merchant. M. Carlos, Inc. Carlos sells compatible, but not competitive, merchandise. On November 1 of the current year, the store collected six months' rent in the amount of $10,200 in advance from Carlos; it was credited in full to Uneamed Rent Revenue when collected, Trotman's Variety Store operates a repair shop to meet its own needs. The shop niso does repairs for M. Carlos. At the end of the current year, Carlos had not paid $780 for completed repairs. This amount has not yet been recorded as Repair Shop Revenue Collection is expected during January of next year. Deferred expense Deferred revenue