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Orwell Company accumulates the following adjustment data at December 31 Services provided but not recorded total $1420 Supplies of $300 have been used Utility expenses of $225 are unpaid

Orwell Company accumulates the following adjustment data at December 31.1. Services provided but not recorded total $1,420.2. Supplies of $300 have been used.3. Utility expenses of $225 are unpaid.4. Unearned service revenue of $260 is recognized for services performed.5. Salaries of $800 are unpaid.6. Prepaid insurance totaling $380 has expired.InstructionsFor each of the above 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).

May 22 2020 View more View Less

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