The trial balance of Beowulfwhich may require adjustment. Company includes the following balance sheet accounts, which may require adjustment. For each account that requires adjustment, indicate the type of adjusting entry (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and the related account in the adjusting entry. Account Type of Adjustment Related Account Accounts Receivable Insurance Expense Cash Interest Expense Depreciation Expense Accounts Receivable Prepaid Insurance Service Revenue Interest Revenue Accounts Payable Accumulated Depreciation-Equipment Interest Payable Unearned Service Revenue
The trial balance of Beowulfwhich may require adjustment. Company includes the following balance sheet accounts, which may require adjustment. For each account that requires adjustment, indicate the type of adjusting entry (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and the related account in the adjusting entry. Account Type of Adjustment Related Account Accounts Receivable Insurance Expense Cash Interest Expense Depreciation Expense Accounts Receivable Prepaid Insurance Service Revenue Interest Revenue Accounts Payable Accumulated Depreciation-Equipment Interest Payable Unearned Service Revenue
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The trial balance of Beowulfwhich may require adjustment. Company includes the following balance sheet accounts, which may
require adjustment. For each account that requires adjustment, indicate the type of adjusting entry (prepaid expense, unearned
revenue, accrued revenue, or accrued expense) and the related account in the adjusting entry.
Account
Type of Adjustment
Related Account
Accounts Receivable
Insurance Expense
Cash
Interest Expense
Depreciation Expense
Accounts Receivable
Service Revenue
Interest Revenue
Accounts Payable
Prepaid Insurance
Accumulated Depreciation-Equipment
Interest Payable
Unearned Service Revenue
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