The Downtown Company accumulates the following adjustment data on 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:

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

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

The status of account balances before adjustment $($understatement or overstatement$).$

The adjustment. Indicate the change in each account affected $($Increase or Decrease$),$ the account title of each account affected, and the amount.

Prepare your answer in the tabular form. $($For account relationship, understaterent or overstatement and adjustment list Revenue or

Expense before Asset or Liability.$)$