Module.Ex04.03 Adjusting Journal Entries
Consider the following incomplete adjusting journal entries.
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1.
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Utilities Expense
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2,900
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|
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(a)
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|
2,900
|
|
2.
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(b) Service Revenue
|
19,500
|
19,500
|
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3.
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(c) Prepaid Insurance
|
7,000
|
7,000
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4.
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Unearned Revenue
|
4,650
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|
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(d)
|
|
4,650
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Required
Identify the likely account(s) that would complete each adjusting journal entry and identify each entry as an accrued expense, an accrued revenue, a deferred expense, or a deferred revenue.