1 2 3 4 5 6 7 00 8 9 10 Imagine a scenario where a company receives a Electricity utility bill at the end of the month but won't pay it until the following month. How would you make the necessary adjusting entry to reflect this in the financial statements? A company has $5,000 of unearned revenue at the beginning of the month. Throughout the month, they earned $2,000 of that revenue. How would you adjust the accounts to accurately represent the earned revenue at the end of the month? Suppose a company purchased a piece of equipment for $10,000 with an estimated useful life of five years. How would you calculate and record the adjusting entry for depreciation at the end of the first year using the straight-line method? In a given month, a company incurred $2,500 of expenses for services received but has not yet paid the invoices. How would you record the adjusting entry for these accrued expenses? A company initially recorded a $1,000 repair expense as an asset. How would you adjust this entry to reflect the c