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BE3-12 In Chapter 3, you learned about four types of adjustments: (1) prepaid expenses; (2) unearned la revenues; (3) accrued revenues; and (4) accrued expenses.

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BE3-12 In Chapter 3, you learned about four types of adjustments: (1) prepaid expenses; (2) unearned la revenues; (3) accrued revenues; and (4) accrued expenses. For each type of adjustment, indicate the following: ac (a) The reason the adjustment is required. fit (b) The effect of the balance sheet and income statement if the adjustment is not recorded. (

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