Determine if the following adjusting entries involve the following:

Accrued expense (AE)

Prepaid expense (PE)

Accrued revenue (AR)

Unearned revenue (UR)

1) _____ Atlas Magazine had previously collected $400,000 from its subscribers but has now delivered half of the magazines that were ordered.

2) _____ Several weeks ago, the Hornsby Company agreed to provide 1,000 units of its product to Michaels Inc. and has now substantially completed that agreement with payment to be received in thirty days