Exercise 3-4 E3-4 Hart Corporation encounters the following situations: 1. Hart collects $1,300 from a customer in 2017 for services to be performed in 2018. 2. Hart incurs utility expense which is not yet paid in cash or recorded. 3. Hart's employees worked 3 days in 2017 but will not be paid until 2018. 4. Hart performs services for customers but has not yet received cash or recorded the transaction. 5. Hart paid $2,400 rent on December 1 for the 4 months starting December 1. 6. Hart received cash for future services and recorded a liability until the service was performed. 7. Hart performed consulting services for a client in December 2017. On December 31, it had not billed the client for services performed of $1,200. 8. Hart paid cash for an expense and recorded an asset until the item was used up. 9. Hart purchased $900 of supplies in 2017; at year-end, $400 of supplies remain unused. 10. Hart purchased equipment on January 1, 2017; the equipment will be used for 5 years. 11. Hart borrowed $10,000 on October 1, 2017, signing an 8% one-year note payable. Instructions Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued revenue) is needed in each situation at December 31, 2017