Helpppp......I think I am doing this so wrong.

Fill in the t-accounts for each situation and label each transaction as Deferrals/Prepaid or Accrual. Calculate the adjusted balance and use a Bal. post reference to show the ending balance of each account. Employees earned $2,900 in salaries that wll be paid next month. The Salaries Expense unadjusted balance as of December 31 is $5,700 Adjustment Type Accrual Salaries Expense Salaries Payable Dec. 31 2,900 8600 Dec. 31 Dec. 31 2,900 2,900 Dec. 31 Dec. 31 5,700 Bal. 8600 8600 Ba Bal. 2,900 2,900 Bal. A two year insurance policy for $1,320 was purchased on November 1 of the current year. Record the transaction for the year ended December 31 Adjustment TypeDeferrals/Prepaids Insurance Expense Prepaid Insurance Incurred interest expense of $3,600. Adjustment Type Accrual Interest Expense Interest Payable