Instructions For each of the items indicate the following. (a) The type of adj

Instructions For each of the items indicate the following.
(a) The type of adjustment (prepaid expense unearned revenue accrued revenue or accrued expense).
(b) The status of accounts before adjustment (overstatement or understatement).
Services provided but not recorded total $750.
Store supplies of $300 have been used.
Utility expenses of $225 are unpaid.
Unearned revenue of $260 has been earned.
Salaries of $900 are unpaid.
Prepaid insurance totaling $350 has expired.
(a) (b)
Item Type of Adjustment Accounts before Adjustment
1. Accrued ExpensesAccrued RevenuesUnearned RevenuesPrepaid Expenses Liabilities Overstated Expenses UnderstatedLiabilities Understated Revenues
UnderstatedAssets Overstated Expenses UnderstatedLiabilities Understated Expenses OverstatedLiabilities Understated Revenues OverstatedAssets Overstated
Revenues UnderstatedAssets Overstated Revenues OverstatedAssets Understated Expenses UnderstatedAssets Understated Revenues UnderstatedAssets Understated
Expenses OverstatedLiabilities Overstated Expenses OverstatedLiabilities Understated Expenses UnderstatedLiabilities Overstated Revenues UnderstatedAssets
Understated Revenues OverstatedAssets Overstated Expenses OverstatedLiabilities Overstated Revenues Overstated
2. Prepaid ExpensesAccrued RevenuesUnearned RevenuesAccrued Expenses Liabilities Overstated Expenses UnderstatedLiabilities Understated Revenues
UnderstatedAssets Understated Revenues OverstatedAssets Overstated Revenues UnderstatedLiabilities Overstated Revenues OverstatedAssets Understated Expenses
OverstatedAssets Overstated Revenues OverstatedLiabilities Understated Expenses UnderstatedLiabilities Understated Revenues OverstatedAssets Overstated
Expenses OverstatedAssets Understated Expenses UnderstatedLiabilities Overstated Revenues UnderstatedLiabilities Overstated Expenses OverstatedAssets
Overstated Expenses UnderstatedLiabilities Understated Expenses Overstated
3. Unearned RevenuesAccrued ExpensesAccrued RevenuesPrepaid Expenses Assets Overstated Revenues OverstatedAssets Overstated Expenses OverstatedLiabilities
Understated Revenues OverstatedLiabilities Overstated Revenues UnderstatedLiabilities Understated Expenses UnderstatedAssets Overstated Expenses
UnderstatedAssets Understated Expenses UnderstatedLiabilities Overstated Revenues OverstatedLiabilities Understated Expenses OverstatedLiabilities Understated
Revenues UnderstatedLiabilities Overstated Expenses OverstatedAssets Understated Expenses OverstatedAssets Overstated Revenues UnderstatedAssets Understated
Revenues OverstatedLiabilities Overstated Expenses Understated
4. Accrued ExpensesUnearned RevenuesPrepaid ExpensesAccrued Revenues Liabilities Overstated Revenues UnderstatedAssets Understated Revenues OverstatedAssets
Overstated Revenues UnderstatedLiabilities Overstated Expenses OverstatedLiabilities Overstated Expenses UnderstatedAssets Overstated Expenses
UnderstatedAssets Overstated Revenues OverstatedLiabilities Understated Expenses UnderstatedAssets Overstated Expenses OverstatedAssets Understated Expenses
UnderstatedLiabilities Understated Expenses OverstatedAssets Understated Expenses OverstatedLiabilities Understated Revenues UnderstatedLiabilities Understated
Revenues OverstatedLiabilities Overstated Revenues Overstated
5. Prepaid ExpensesAccrued RevenuesAccrued ExpensesUnearned Revenues Liabilities Understated Expenses OverstatedAssets Overstated Expenses UnderstatedLiabilities
Overstated Revenues OverstatedLiabilities Understated Revenues UnderstatedLiabilities Understated Revenues OverstatedAssets Understated Revenues
OverstatedAssets Overstated Revenues UnderstatedLiabilities Overstated Expenses UnderstatedAssets Overstated Expenses OverstatedAssets Understated Expenses
UnderstatedLiabilities Understated Expenses UnderstatedAssets Overstated Revenues OverstatedAssets Understated Expenses OverstatedLiabilities Overstated
Expenses OverstatedLiabilities Overstated Revenues Understated
6. Unearned RevenuesAccrued RevenuesPrepaid ExpensesAccrued Expenses Assets Overstated Expenses OverstatedLiabilities Understated Expenses OverstatedLiabilities
Understated Revenues UnderstatedLiabilities Overstated Expenses OverstatedLiabilities Overstated Revenues UnderstatedLiabilities Overstated Revenues
OverstatedAssets Overstated Expenses UnderstatedAssets Understated Expenses UnderstatedAssets Understated Revenues OverstatedAssets Overstated Revenues
UnderstatedLiabilities Overstated Expenses UnderstatedLiabilities Understated Revenues OverstatedAssets Overstated Revenues OverstatedLiabilities Understated
Expenses UnderstatedAssets Understated Expenses Overstated