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.

Supplies of $550 have been used.

5.

Revenue recognized but unbilled totals $750.

6.

Utility expenses of $300 are unpaid.

7.

Interest of $250 has accrued on a note payable.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 status of account balances before adjustment (understatement or overstatement).
4.		The adjusting entry.

Prepare your answer in the tabular form. (For account relationship and understatement or overstatement, list Revenue or Expense before Asset or Libility. If an amount reduces the Net Income then enter using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)