The trial balance of the Hoi Company includes the following balance sheet accounts. Identify the accounts that require adjustment. For each account that requires adjustment, indicate

(a) the type of adjusting entry (prepaid expenses, unearned revenues, accrued revenues, and accrued expenses) and

(b) the related account in the adjusting entry.

Transcribed Image Text:

Accounts Receivable Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Interest Payable Unearned Fees