Help with Accounting Question (4-23)
May 29th, 2022
Indicate the type of adjustment (prepaid expenses, accrued revenues and
so on), and the status of accounts before adjustment (overstated or
understated).
1. | Supplies of $100 are on hand. | |
2. | Services provided but not recorded total $900. | |
3. | Interest of $200 has accumulated on a note payable. | |
4. |
Rent collected in advance totaling $650 has been earned Having problems if it is overstated or understated and so on. |