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 $4,570 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $8,200. Adjustment Type: Salaries Payable Salaries Expense The unadjusted balance of Office Supplies at Dec. 31 is $7,100 and at year end the office supplies on hand totaled $2,300. Adjustment Type: Office Supplies Supplies Expense Customers were billed for $640 for work completed. The Service Revenue unadjusted balance as of December 31 is $9,700. Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $80 from cash-paying customers. Secure Home's remaining customers owe the business $2,450. Secure Home recorded $80 of service revenue for the year If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Marvelous Occasions received $2,860 for services to be performed for the next 10 months on July 31 and recorded this transaction using the Unearned Revenue account. If Marvelous Occasion ad recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $120 May 9: Received cash for meals served to customers, $820 May 23: Served a banquet on account, $1,840 May 31: Accrued salary expense, $1,590 May 31: Recorded prepaid insurance expired, $280 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. 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 $4,570 in salaries that will be paid next month. The Salaries Expense unadjusted balance as of December 31 is $8,200. Adjustment Type: Salaries Payable Salaries Expense The unadjusted balance of Office Supplies at Dec. 31 is $7,100 and at year end the office supplies on hand totaled $2,300. Adjustment Type: Office Supplies Supplies Expense Customers were billed for $640 for work completed. The Service Revenue unadjusted balance as of December 31 is $9,700. Secure Home provides house-sitting for people while they are away on vacation. Some of its customers pay immediately after the job is finished. Some customers ask that the business send them a bill. As of the end of the year, Secure Home has collected $80 from cash-paying customers. Secure Home's remaining customers owe the business $2,450. Secure Home recorded $80 of service revenue for the year If Secure Home had recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Marvelous Occasions received $2,860 for services to be performed for the next 10 months on July 31 and recorded this transaction using the Unearned Revenue account. If Marvelous Occasion ad recorded their service revenue using the other method, how much service revenue would they have recorded for the year? Sweet Catering completed the following selected transactions during May 2016: May 5: Received and paid electricity bill, $120 May 9: Received cash for meals served to customers, $820 May 23: Served a banquet on account, $1,840 May 31: Accrued salary expense, $1,590 May 31: Recorded prepaid insurance expired, $280 If Sweet Catering had recorded transactions using the Cash method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign. If Sweet Catering had recorded transactions using the Accrual method, how much net income (loss) would they have recorded for the month of May? If there is a loss, enter it with parentheses or a negative sign