Please see attached and solve problems.
ADJUSTING ENTRIES EXPLAINED
ADJUSTING ENTRIES ARE OF FOUR TYPES
Prepaid Expense (or Inventory) dr
When the Prepaid Expenditure is made.
Prepaid Expense (or Inventroy) cr
When the actual expense consumed is determined (usually at the end of a period.)
Unearned revenue cr
When a cash payment for unearned revenue is received.
Unearned revenue dr
When the revenue is considered to have been earned
Accounts receivable dr
When a sale has occurred but cash has not been received from the customer
XXX Expense dr
xxx Payable cr
When an expense has been incurred but not paid for.