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Gee Company accumulates the following adjustment data at December 31. Indicate the type of adjustment (prepaid expense, accrued revenue, and so on), and the

Gee Company accumulates the following adjustment data at December 31. Indicate the type of adjustment

Gee Company accumulates the following adjustment data at December 31. Indicate the type of adjustment (prepaid expense, accrued revenue, and so on), and the status of accounts before adjustmen (overstated or understated). (Enter answers in alphabetical order.) 1. Supplies of $150 are on hand. Supplies account shows $1,600 balance. Services performed but unbilled total $900. Interest of $200 has accumulated (and not been paid) on a note payable. Rent collected in advance totaling $850 has been earned. 2. 3. 4.

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ANSWER Here are the adjustments and the status of the accounts before and after the adjustments 1 Supplies Before adjustment Supplies account is overs... blur-text-image

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