Stark Company records prepayments of expenses in asset accounts and receipts of unearned revenues in liability accounts. Using the list of accounts provided, identify the debit and credit entry required for each of the annual adjustments described in (a) through (e). The first one is done as an example.
1. Cash
2. Prepaid Advertising
3. Advertising Payable
4. Advertising Expense
5. Accounts Receivable
6. Equipment Expense
7. Depreciation Expense
8. Accumulated Depreciation-Equipment
9. Equipment
10. Services Revenue Earned
11. Unearned Services Revenue

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Debits Credits Example: Accrual of uncollected and unrecorded services earned. a. Accrual of unpaid and unrecorded advertising that was used by 10 Stark Company. b. Adjustment of Unearned Services Revenue to recognize earned revenue. c. Recorded revenue for work completed this accounting period; the cash will be received in the next period. d. The cost of Equipment was matched to the time periods benefited. e. Adjustment of Prepaid Advertising to recognize the portion used