• 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.

_____ 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.

_____ Nancy and Sons owes its employees $30,000 for work done over the past two weeks with payment to be made within the next ten days.

_____ Replay Inc. advertised on television Channel 44 during the past month but has not yet made an entry to record the event because no payment has been made.

_____ Four months ago, the Centurion Company paid Reliable Insurance Company $54,000 for insurance for the subsequent twelve months.

_____ Four months ago, Reliable Insurance Company received a payment of $54,000 for insurance for the subsequent twelve months from Centurion Company.