The following accounts were taken from the unadjusted trial balance of Dobro Co., a congressional lobbying firm. Indicate whether or not each account would normally require an adjusting entry. If the account normally requires an adjusting entry, use the following notation to indicate the type of adjustment:
AE—Accrued Expense
AR—Accrued Revenue
DR—Deferred Revenue
DE—Deferred Expense
To illustrate, the answers for the first two accounts are shown below.
Account Answer_____________
Dividends Does not normally require adjustment.
Accounts Receivable Normally requires adjustment (AR).
Accumulated Depreciation
Cash
Interest Payable
Interest Receivable
Land
Office Equipment
Prepaid Insurance
Supplies Expense
Unearned Fees
Wages Expense