Business, 08.02.2021 19:20 blondie02

The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment, indicate (1) the type of adjusting entry and (2) the related account in the adjusting entry. Account Type of Adjustment Related Account
(a) Accounts Receivable Prepaid ExpensesAccrued RevenuesNot requiredAccrued ExpensesUnearned Revenues Interest ExpenseInsurance ExpenseService RevenueNot requiredDepreciation Expense
(b) Prepaid Insurance Unearned RevenuesAccrued RevenuesPrepaid ExpensesNot requiredAccrued Expenses Service RevenueInsurance ExpenseNot requiredDepreciation ExpenseInterest Expense
(c) Equipment Accrued RevenuesNot requiredPrepaid ExpensesAccrued ExpensesUnearned Revenues Interest ExpenseService RevenueDepreciation ExpenseInsurance ExpenseNot required
(d) Accumulated Depreciation's Equipment Prepaid ExpensesAccrued RevenuesNot requiredAccrued ExpensesUnearned Revenues Depreciation ExpenseService RevenueNot requiredInsurance ExpenseInterest Expense
(e) Notes Payable Not requiredUnearned RevenuesAccrued ExpensesAccrued RevenuesPrepaid Expenses Interest ExpenseNot requiredInsurance ExpenseService RevenueDepreciation Expense
(f) Interest Payable Prepaid ExpensesNot requiredAccrued RevenuesUnearned RevenuesAccrued Expenses Insurance ExpenseNot requiredDepreciation ExpenseInterest ExpenseService Revenue
(g) Unearned Service Revenue Unearned RevenuesPrepaid ExpensesAccrued ExpensesAccrued RevenuesNot required Not requiredDepreciation ExpenseService RevenueInterest ExpenseInsurance Expense

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The trial balance of Woods Company includes the following balance sheet accounts. Identify the accou...

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