Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.) (1 (2) Accounts Before Adjustment Item (a) Type of Adjustment T Prepaid Expenses A Supplies of $400 are on hand. Supplies account shows $1,600 balance. Assets Overstated T Expenses Understated 4 (b) Services performed but unbilled total $700. Accrued Revenues Assets Understated T Revenues Understated - (c) Interest of $300 has accumulated on a note payable. T Accrued Expenses A T Liabilities Understated , Expenses Understated 4 Rent collected in advance totaling $1,100 has been earned. + Unearned Revenues A T Expenses Understated A Liabilities Understated