Wang Company accumulates the following adjustment data at December 31. For each item, indicate (1) the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the status of the accounts before adjustment (overstated or understated). Type of Accounts Before
Adjustments Adjustments
(a) Services performed but unbilled totals $600. Accrued Assets
Revenues Understated
Revenue Understated
(b) Store supplies of $160 are on hand, The supplies
account shows a $1,900 balance. Prepaid Expenses Assets Overstated
Liabilities Understated
(c) Utility expenses of $275 are unpaid. Accrued Expenses Revenues
Overstated
Liabilities Understated
(d) Service performed of $490 collected
in advance. Unearned Assets
Revenues Overstated
Liabilities
Understated
(e) Salaries of $60 are unpaid. Accrued Expenses Revenues
Overstated
Liabilities
Understated
(f) Prepaid insurance totaling $400 has expired. Prepaid Assets
Expenses Overstated
Liabilities
Understated

disadvantages of leasing a vehicle: no vehicle equity and mileage limitations

disadvantages of purchasing a vehicle: large down payment and vehicle depreciation

#plato4lyfe

answer; /// egg production using the factory technique falls less than with the free range technique;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.