QS 3-15 Recording and analyzing adjusting entries LO P1 Adjusting entries affect at least one balance sheet account and at least one income statement account. For the following entries, identify the account to be debited and the account to be credited. Indicate which of the accounts is the income statement account and which is the balance sheet account. a. Entry to record revenue earned that was previously received as cash in advance. Accounts Account to be debited Account to be credited Account Title Financial Statement b. Entry to record revenue earned but not yet billed (nor recorded). Accounts Account to be debited Account to be credited Account Title Financial Statement c. Entry to record annual depreciation expense. Accounts Account Title Financial Statement Account to be debited Account to be credited d. Entry to record interest revenue earned but not yet collected (nor recorded Accounts Account Title Financial Statement Account to be debited Account to be credited e. To record janitorial expense incurred but not yet paid Accounts Account Title Financial Statement Account to be debited Account to be credited