fill in the t-accounts for each situation and label each transaction as deferrals/prepaid or accural. calculate the adjusted balance and use a bal. post reference to show the ending balnce of each account.

Adjustment Type: Accrual Interest Expense Interest Payable Dec. 31 1000 1000 Dec. 31 Bal. 1000 Depreciation for the current year includes Equipment, $4,200. The Accumulated Depreciation Equipment unadjusted balance as of December 31 is $6,300. Adjustment Type: Deferrals/Prepaids Depreciation Expense- Equipment Accumulated Depreciation- Equipment Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual, Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Used office supplies of $3,620. The Office Supplies unadjusted balance on December 31 is $10,600. Adjustment Type: Deferrals/Prepaids Supplies Expense Office Supplies Dec. 31 10600 3620 Dec. 31 3620 Bal. 6980 Bal. 3620 Incurred interest expense of $1,000. Adjustment Type: Accrual Interest Expense Interest Payable Dec. 31 1000 1000 Dec. 31 Bal. 1000 Depreciation for the current year includes Equipment, $4,200. The Accumulated Depreciation Equipment unadjusted balance as of December 31 is $6,300. Adjustment Type: Accrual Depreciation Expense - Equipment Accumulated Depreciation- Equipment 6300 Dec. 31 Dec. 31 4200 4200 Dec 31 10500 Bal Bal. 4200