The Downtown Company accumulates the following adjustment data at December 31.

1. Revenue of $1,100 collected in advance has been recognized.

2. Salaries of $600 are unpaid.

3. Prepaid rent totaling $400 has expired.

4. Revenue recognized but unbilled totals $750.

5. Utility expenses of $300 are unpaid.

Instructions:

(a) For each of the above items indicate:

1. The type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense).

2. The account relationship (asset/liability, liability/revenue, etc.).

3. The adjusting entry.