Match each transaction with the type of adjustment that will be required, by entering the appropriate letter in the space provided.

Transaction Type of Adjustment l. Supplies for office use were purchased during the year A. Accrual adjustment B. Deferral adjustment for $500, of which $100 remained on hand (unused) at year-end 2. Interest of $250 on a note receivable was earned at year end, although collection of the interest is not due until the following year. not been recorded or paid. been completed for a client, but nothing had been billed 3. Atyear-end, salaries and wages payable of $3,600 had -4. At year-end, one-half of a $2,000 advertising project had or collected. 5. Redeemed a gift card for $600 of services.