Buena Vista Social Club accumulates the following adjustment data at December 31. 1. Revenue of $1,600 collected in advance has been recognized. 2. Salaries of $600 are unpaid. 3. Prepaid rent totaling $500 has expired. 4. Supplies of $450 have been used. 5. Revenue recognized but unbilled total $750. 6. Utility expenses of $250 are unpaid. 7. Interest of $300 has accrued on a note payable. For each of the above items indicate: 1. The type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense). 2. The account relationship (asset/liability, liability/revenue, etc.). 3. The status of account balances before adjustment (understatement or overstatement). 4. The adjusting entry. Prepare your answer in the tabular form presented below. (Enter answers for account relationship in alphabetical order.) Account Balances Before Adjustment (Understatement or Overstatement) 1. 2. 3. 5. Type of Adjustment Account Relationship