Match each situation below to two applicable reasons that require an adjustment to be made. A. Revenue has been generated. B. Expense has been incurred. C. Liability has been incurred. D. Liability has been fulfilled. E. Asset has been acquired. F. Asset has been used up. Situation Reasons 1. IBM completed a consulting project for the CDC to simulate the spread of contagious viruses and will be paid next month. E, F 2. This month Apple, Inc., redeemed iTunes gift cards that had been issued last month. 3. Schutt Sports used up some of the benefits of its football helmet manufacturing equipment. 4. Procter & Gamble received a bill for this month's advertising services, which it will pay next month. A. Accrual adjustment B. Deferral adjustment Type of Adjustment Transaction 1. Supplies for office use were purchased during the year for $500, of which $100 remained on hand (unused) at year-end. Interest of $250 on a note receivable was earned at year-end, although collection of the interest is not due until the following 2. year 3. At year-end, salaries and wages payable of $3,600 had not been recorded or paid 4. At year-end, one-half of a $2,000 advertising project had been completed for a client, but nothing had been billed or collected 5. Redeemed a gift card for $600 of services