Q1. Indicate (a) the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense), and (b) the accounts before adjustment (overstated or understated) for each of the following:

1.Supplies of $400 have been used. 2.Salaries of $300 are unpaid.3Rent received in advance totaling $500 has been earned.4.Services provided but not recorded total $700.

Q1. Indicate (a) the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense), and (b) the accounts before adjustment (overstated or understated) for each of the following: 1. Supplies of $400 have been used.2. Salaries of $300 are unpaid.3. Rent received in advance totaling $500 has been earned.4. Services provided but not recorded total $700