Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaif or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. All dates for one are Nov 1, and 15 and Dec 1, and 31.

Completed services that were paid for six months earlier, $1,150. The Service Revenue unadjusted balance as of December 31 is $7,800. The Unearned Revenue balance as of December 31 is $10,600. Adjustment Type: A two year insurance policy for $2,640 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Depreciation for the current year includes Equipment, $4,600. The Accumulated Depreciation Equipment unadjusted balance as of December 31 is $6,500