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.

The unadjusted balance of Office Supplies at Dec. 31 is $7,700 and at year end the office supplies on hand totaled $1,300. Adjustment Type: V Supplies Expense Office Supplies V Used office supplies of $4,780. The Office Supplies unadjusted balance on December 31 is $11,500. Adjustment Type: Supplies Expense Office Supplies V V VDepreciation for the current year includes Equipment. $4,800. The Accumulated Depreciation - Equipment unadjusted balance as of December 31 is $5,000. Depreciation Expense - Equipment Accumulated Depreciation - Equipment Incurred interest expense of $4,600 Date Accounts and Explanation Debit Credit V The unadjusted balance of Office Supplies at Dec. 31 is $5,200 and at year end the office supplies on hand totaled $1,300. Date Accounts and Explanation Debit Credit Used prepaid insurance of $1,200 Date Accounts and Explanation Debit Credit