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Question 3 --/2.5 View Policies Current Attempt in Progress The adjusted trial balance of Masters Company includes the following balance sheet accounts that frequently require

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Question 3 --/2.5 View Policies Current Attempt in Progress The adjusted trial balance of Masters Company includes the following balance sheet accounts that frequently require adjustment. For each account, indicate (a) the type of adjusting entry (prepaid expenses, unearned revenues, accrued revenues, or accrued expenses) and (b) the related account in the adjusting entry. Balance Sheet Account Type of Adjusting Entry Related Account 1. Supplies 2. Accounts Receivable 3. Prepaid Insurance Accumulated Depreciation- * Equipment 5. Interest Payable 6. Salaries and Wages Payable 7. Unearned Service Revenue

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