Required: 1. Identify each of the transactions as a deferred revenue, deferred expense, accrued revenue, or accrued expense. Wages camed by employees during December, unpaid and unrecorded at December 31, amounted to $3,600. The last payroll Accrued expense was December 28, the next payrol will be January 6. Office supplies on hand at January 1 of the current year totaled $470. Office supplies purchased and debited to Office Supplies Accrued revenue during the year amounted to $650. The year-end count showed $275 of supplies on hand One-fourth of the basement space is rented to Kathy's Specialty Shop for $550 per month payable monthly. At the end of the current year, the rent for November and December had not been collected of recorded Collection is expected in January of the Deferred revenue next year Accrued expense The store used delivery equipmental year that cost $67.500, 511,400 was the estimated annual depreciation On July of the current year, a two your insurance premium amounting to $3.120 was paid in cash and dobited in a to Prepaid Deferred expense Insurance Coverage began on July 1 of the current year The remaining basement of the store is rented for $2.400 per month to another merchant M. Carlos, Inc. Carlos ses compatible Accrued revence but not competitive merchandise on November 1 of the current year, the store collected six months rent in the amount of $14 400 in advance from Carlos was credited into Uneamed Rent Revenue when collected Troian's Variety Store operates a repair shop to meet its own needs. The shop also does repairs for M. Carlos At the end of the current year, Carios had not paid $860 for completed repairs. This amount has not yet been recorded as Repair Shop Revenue Deferred revenue Collection is expected during January of next year