Revenues Understated (b) Store supplies of $160 are on hand. The supplies account shows a $1,900 balance Prepaid Expenses Assets Overstated Liabilities Overstated (c) Utility expenses of $275 are unpaid. Accrued Expenses Revenues Understated Liabilities Understated (d) Services performed of $490 collected in advance. Unearned Revenues Assets Understated Liabilities Overstated (e) Salaries of $620 are unpaid. Accrued Expenses Revenues Understated Liabilities Understated Prepaid insurance totaling $400 has expired. Prepaid Expenses Assets Overstated Liabilities Overstated WPX