Luong Corporation encounters the following situations: Identify what type of adjusting entry (prepaid expense, unearned revenue, accrued expense, or accrued revenue) is needed in each situation at December 31, 2022.

1.		Luong collects $1,300 from a customer in 2022 for services to be performed in 2023.		select a type of adjusting entry Prepaid expense Unearned revenue Accrued expense Accrued revenue
2.		Luong incurs utility expense which is not yet paid in cash or recorded.		select a type of adjusting entry Prepaid expense Accrued revenue Unearned revenue Accrued expense
3.		Luong's employees worked 3 days in 2022 but will not be paid until 2023.		select a type of adjusting entry Prepaid expense Accrued revenue Unearned revenue Accrued expense
4.		Luong performs services for customers but has not yet received cash or recorded the transaction.		select a type of adjusting entry Accrued revenue Accrued expense Unearned revenue Prepaid expense
5.		Luong paid $2,800 rent on December 1 for the 4 months starting December 1.		select a type of adjusting entry Unearned revenue Accrued expense Prepaid expense Accrued revenue
6.		Luong received cash for future services and recorded a liability until the service was performed.		select a type of adjusting entry Accrued expense Prepaid expense Unearned revenue Accrued revenue
7.		Luong performed consulting services for a client in December 2022. On December 31, it had not billed the client for services provided of $1,200.		select a type of adjusting entry Prepaid expense Unearned revenue Accrued revenue Accrued expense
8.		Luong paid cash for an expense and recorded an asset until the item was used up.		select a type of adjusting entry Unearned revenue Prepaid expense Accrued revenue Accrued expense
9.		Luong purchased $900 of supplies in 2022; at year-end, $400 of supplies remain unused.		select a type of adjusting entry Unearned revenue Accrued revenue Prepaid expense Accrued expense
10.		Luong purchased equipment on January 1, 2022; the equipment will be used for 5 years.		select a type of adjusting entry Accrued expense Unearned revenue Prepaid expense Accrued revenue
11.		Luong borrowed $12,000 on October 1, 2022, signing an 8% one-year note payable. Both the interest and the note will be paid in 1 year.		select a type of adjusting entry Accrued expense Unearned revenue Prepaid expense Accrued revenue