Identify the major types of adjusting entries. BE3.4 (LO 1), AN Cortina Company accumulates the following adjustment data at December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before adjustment (for example, "assets understated and revenues understated). a. Supplies of $400 are on hand. Supplies account shows $1,600 balance. b. Services performed but unbilled total $700. c. Interest of $300 has accumulated (and not been paid) on a note payable. d. Rent collected in advance totaling $1,100 has been earned. Prepare adjusting entry for supplies. Prepare adjusting entry for depreciation. BE3.6 (LO 2), AP At the end of its first year, the trial balance of Rayburn Company shows Equipment $22,000 and zero balances in Accumulated Depreciation-Equipment and Depreciation Expense. Depreciation for the year is estimated to be $2,750. Prepare the annual adjusting entry for depreciation at December 31, post the adjustments to T-accounts, and indicate the balance sheet presentation of the equipment at December 31. Prepare adjusting entry for prepaid expense