Answer Choices :

Normally Requires adjustment (DE)

Normally Requires Adjustment (AR)

Does not normally require adjustment

Normally requires adjustment (AE)

Normally requires Adjustment (DR)

The following accounts were taken from the unadjusted trial balance of Inter Circle Co., a congressional lobbying firm. Indicate whether or not each account would normally require an adjusting entry. If the account normally requires an adjusting entry, use the following notations to indicate the type of adjustment: AE-Accrued Expense (ex.: recognizing expense, paying later) AR-Accrued Revenue (ex.: recognize sales, received money from customer later) DR-Deferred Revenue (ex.: received funds ahead of goods or service sale finalized) DE-Deferred Expense (ex.: prepaid expenses or unused inventory) Dividends Interest Payable Interest Receivable Land Office Equipment Prepaid Rent Supplies Unearned Fees Wage Expense