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Use T-accounts to analyze each type of adjustment Activity 4.a - Using T-accounts to Analyze Adjustments Fill in the t-accounts for each situation and label

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Use T-accounts to analyze each type of adjustment Activity 4.a - Using T-accounts to Analyze Adjustments Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. The unadjusted balance of Office Supplies at Dec. 31 is $11,800 and at year end the office supplies on hand totaled $2,750. Adjustment Type: Deferrals/Prepalds Office Supplies Supplies Expense 11800 11800 Dod.1 Completed services that were paid for six months aardler S11150. The Service Completed services that were paid for six months earlier, $1,150. The Service Revenue unadjusted balance as of December 31 is $9,700. The Unearned Revenue balance as of December 31 is $9,000. Adjustment Type: Deferrals/Prepaids Unearned Revenue Service Revenue 7850 Dec. 31 A two year insurance policy for $5,280 was purchased on November 1 of the current year. Record the transaction for the year ended December 31. Adjustment Type: Deferrals/Prepaids Insurance Expense Prepaid Insurance Nov. 5280 I 440 Dec 31 5280 CHECK ANSWER RESET ease review your answer and try again

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