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UNTER VERSION BACH ROES Exercise 3-04 Luong Corporation encounters the following situations Identity what type of adjusting entry (prepaid expense, uneemed revenue, accrued experise, or

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UNTER VERSION BACH ROES Exercise 3-04 Luong Corporation encounters the following situations Identity what type of adjusting entry (prepaid expense, uneemed revenue, accrued experise, or accrued revenue) is needed in each situation at December 31, 2020 1. Luong comes 1,300 from a customer in 2020 for services to be performed in 2021. 2. Luang Incurs utility expense which is not yet paid in cash or recorded 9.tuong's employees worked 3 days in 2020 but not be paid until 2021 4. Luang performs services for customers but has not yet received cash or recorded the transaction Suorg paid $2,000 rent on December for the month orting December 6. Lacivert Cash for future services and recorded ability until the service was performe. 7.tuong performed coming services for client in December 2020. On December 31, it hed net billed the client for services provided of $1,200. 1. Luong paid cash for an expense and recorded an essential the tum was used up. 9. Long purchased 200 of super in 2020. year end 400 of pemain used 16. Luong purchased upon on January 1, 2020, the equipment will be for 5 years 11. LUGO 512,000 on October 1, 2020. gone yoyote

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