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.

Completed services that were paid for six months earlier, $1,660. The Service Revenue unadjusted balance as of December 31 is $11,300. The Unearned Revenue balance as of December 31 is $9,400.

Adjustment Type:

Unearned Revenue

Service Revenue

Depreciation for the current year includes Equipment, $2,400. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $5,300.

Adjustment Type:

Depreciation Expense - Equipment

Accumulated Depreciation - Equipment