ssignment

Question $6$ of $8$

$-16vdot{s}^{\text{v}\text{d}\text{o}\text{t}\text{s}}-=$

Luong Corporation encounters the following situations:

Identify what type of adjusting entry $($prepaid expense, unearned revenue, accrued expense, or accrued revenue$)$ is needed in each situation at December $31,2022.$

Luong collects $$1,300$ from a customer in $2022$ for services to be performed in $2023.$

Luong incurs utility expense which is not yet paid in cash or recorded.

Luong's employees worked $3$ days in $2022$ but will not be paid until $2023.$

Luong performs services for customers but has not yet received cash or recorded the transaction.

Luong paid $$2,800$ rent on December $1$ for the $4$ months starting December $1.$

Luong received cash for future services and recorded a liability until the service was performed.

Luong performed consulting services for a client in December $2022.$ On December $31,$ it had not billed the client for services provided of $$1,200.$