Coach, Inc.-the maker of handbags and other women's and men's accessories-was previously owned by Sara Lee Corporation until April 2001, when Coach was spun off as a separate company.
Assume the following were reported in Coach's adjusted trial balance and were used to prepare its June 28, 2010, year-end financial statements.

Required:
1. Based on the information in the trial balance, list two pairs of balance sheet and income statement accounts that likely required deferral adjustments as of June 28 (no computations are necessary).
2. Based on the information in the trial balance, list two pairs of balance sheet and income statement accounts that likely required accrual adjustments as of June 28 (no computations are necessary).

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COACH INCORPORATED Adjusted Trial Balance At June 28, 2010 (millions of dollars) Credit Debit $ 596 109 363 30 1,033 Cash Accounts Receivable Inventories and ment Accumulated Depreciation Other Assets Accounts Payable Wages Payable Income Taxes Payable Other Current Liabilities 485 821 106 422 29 405 Retained Earni Sales Revenue Cost of Sales Selling, General and Administrative Interest Revenue 767 3,608 974 1,484 ах 417