Whispering Winds Company has the following balances in selected accounts on December 31, 2022.

Accounts Receivable

$ 0

Accumulated DepreciationEquipment

0

Equipment

8,120

Interest Payable

0

Notes Payable

11,600

Prepaid Insurance

2,436

Salaries and Wages Payable

0

Supplies

2,842

Unearned Service Revenue

34,800

All the accounts have normal balances. The following information has been gathered at December 31, 2022.

1. Whispering Winds Company borrowed $11,600 by signing a 12%, 1-year note on September 1, 2022. Interest will be paid when the note is repaid.

2. A count of supplies on December 31, 2022, indicates that supplies of $1,044 are on hand.

3. Depreciation on the equipment for 2022 is $1,160.

4. Whispering Winds paid $2,436 for 12 months of insurance coverage on June 1, 2022.

5. On December 1, 2022, Whispering Winds collected $34,800 for consulting services to be performed evenly from December 1, 2022, through March 31, 2023.

6. Whispering Winds performed consulting services for a client in December 2022. The client will be billed $4,872.

7. Whispering Winds pays its employees total salaries of $10,440 every Monday for the preceding 5-day week (Monday through Friday). On Monday, December 29, employees were paid for the week ending December 26. All employees worked the last 3 days of 2022.

The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment indicate (1) the type of adjusting entry (prepaid expense, unearned revenue, accrued revenue and accrued expense) and (2) the related account in the adjusting entry. (If no entry is required, select "No Entry" for the account titles.) (2) Account Type of Adjustment Related Account Accounts Receivable, Accrued Revenues a. b. Prepaid Insurance Prepaid Expenses C. > d. Cash. Accumulated Depreciation- Equipment Dividends. e. f. Interest Payable 8 Unearned Service Revenue