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Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use Unadj. Bal. as the label for the opening

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Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid, Accrual, or Depreciation. Use Unadj. Bal. as the label for the opening balance of each account. Calculate the adjusted balance and use a Bal. posting reference to show the ending balance of each account. Enter each transaction on the first available line in the T-Account. Employees earned $1,730 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $11,000. Adjustment Type: Deferrals/Prepaids Salaries Expense Salaries Payable Dec. 31 1,730 11,000 Unadi. Bal Bal. Depreciation for the current year includes Equipment, $960. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $8,500 Adjustment Type: Depreciation Depreciation Expense - Equipment Accumulated Depreciation - Equipment Customers were billed for $390 for work completed. The Service Revenue unadjusted balance as of December 31 is $9,500. Adjustment Type: Accrual Accounts Receivable Service Revenue Dec. 31 390 9,500 Unadi. Bal. Unadi. Bal. 9110

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