PA 3.

LO 4.2Identify which type of adjustment is indicated by these transactions. Choose accrued revenue, accrued expense, deferred revenue, deferred expense, or estimate.

1. utilities owed but not paid
2. cash received in advance for future services
3. supplies inventory purchased
4. fees earned but not yet collected
5. depreciation expense recorded
6. insurance paid for future periods

PA 4.

LO 4.2Identify which type of adjustment is associated with this account, and what is the other account in the adjustment? Choose accrued revenue, accrued expense, deferred revenue, or deferred expense.

1. accounts receivable
2. interest payable
3. prepaid insurance
4. unearned rent

PA 6.

LO 4.2What two accounts are affected by each of these adjustments?

1. billed customers for services provided
2. adjusted prepaid insurance to correct
3. recorded depreciation expense
4. recorded unpaid utility bill
5. adjusted supplies inventory to correct