eos 3-2 In its first year of operations, Roma Co. earned $45,000 in revenues and received $37,000 cash from the Computing accrual and customers. The company incurred expenses of $25,500 but had not paid $5,250 of them at year-en The company also first year's net income under both the cash basis and the accrual basis of accounting. + OS 3.3 Classify the following adjusting entries as involving prepaid expenses (PE), unearned revenues (UR). crued expenses (AE), or accrued revenues (AR). a.- To record revenue earned that was previously received as cash in advance. b. C. Identifying accounting adjustments C3 To record wages expense incurred but not yet paid (nor recorded). To record revenue earned but not yet billed (nor recorded). d.To record expiration of prepaid insurance. To record annual depreciation expense. During the year, a company recorded prepayments of expenses in asset accounts, and cash receipts of as 3-4 unearned revenues in liability accounts. At the end of its annual accounting period, the company must Concepts of adjusting make three adjusting entries:(1) accrue salaries expense. (2) adjust the Unearned Services Revenue entries C3 account to recognize earned revenue, and (3) record services revenue earned for which cash will be