Chapter 4 You will need to know about adjusting entries and prepare an adjusted trial balance. 1. Identify whether each of the following transactions, which are related to revenue recognition, are accrual, deferral, or neither. A. sold goods to customers on credit B. collected cash from customer accounts C. sold goods to customers for cash D. collected cash in advance for goods to be delivered later 2. Prepare journal entries to record the following adjustments. A. Insurance that expired this period, $18,000 B. Depreciation on assets, $4,800 C. Salaries earned by employees but unpaid, $1,200 3. Prepare an adjusted trial balance using the following information: Accounts payable $ 6,600 Accounts receivable 12,750 Administrative expense 49,150 Cash 28,900 Common stock 15,000 Prepaid insurance 8,800 Service revenue 78.000 Chapter 5 You will need to know about permanent temporary accounts and the closing process, 1. For each of the following accounts, identify whether it is nominal/temporary or real/permanent, and whether it is reported on the Balance Sheet or the income Statement. A. Interest Expense B. Buildings C. Interest Payable D. Unearned Rent Revenue