Exercise 3-6 Lei Company accumulates the following adjustment data at December 31. 1. Services provided but not recorded total $1,000. 2. Supplies of $300 have been used. 3. Utility expenses of $225 are unpaid. 4. Services related to Unearned service revenue of $260 were performed 5. Salaries of $800 are unpaid. 6. Prepaid insurance totaling $350 has expired. For each of the above items indicate the following. (Enter answers in alphabetical ore (a) The type of adjustment (prepaid expenses, unearned revenues, accrued revenues (b) The status of accounts before adjustment (overstatement or understatement). Accounts before Adjustment 1. 2 3. 4. 5. 6. Revenues Overstated Expenses Overstated Assets Understated Liabilities Understated Assets Overstated Liabilities Overstated Expenses Understated Revenues Understated LINK TO TEXT