Question 1 15 marks) Shumway accumulates the following adjustments data as at 31 December. 1. Service provided but not recorded totaled $750. 2. Store supplies of $300 have been used. 3. Utility expenses of $225 are unpaid. 4. Unearned revenue of $260 has been earned. 5. Salaries of $900 are unpaid. 6. Prepaid insurance totalling $350 has expired. Required: For each of the above items, indicate the following. (a) The type of adjustment (prepaid expense, unearned revenue, accrued revenue or accrued expense) (b) The accounts before adjustment (overstatement or understatement). (Note: The answer for Item 1 is given for your reference.) (6) Item (a) Type of Adjustment Accounts before Adjustment Accrued Income Assets Understated Income Understated