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 $2,940. The Office Supplies unadjusted balance on December 31 is $9,600 Adjustment Type Supplies Expense Office Supplies Dec. 31 Dec. 31 Bal. Bal