Types of Adjustments (each worth I point) Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided. A. Prepaid Expenses B. Unearned Revenues C. Accrued Revenues D. Accrued Expenses 1. Revenue not earned but money collected in advance. 2. Supplies that will be used in the next month. 3. An expense incurred but not yet paid or recorded. 4. Revenue earned but money not collected. 5. An expense not yet incurred but paid in advance. 6. Depreciation on a building or equipment. Status of accounts (each worth I point Prior to making the adjusting Entries, indicate status of the accounts before adjustment (overstated or understated). Income Balance Sheet Prepaid Expenses Unearned Revenue Accrued Revenue Accrued Expenses