Question $2$

$\frac{13\mathrm{.}87}{1}$

Identify which type of adjustment is indicated by these transactions. Choose accrued revenue, accrued expense, deferred revenue, deferred expe or estimate.

utilities owed but not paid Accrued expense

cash received in advance for future services Deferred revenue

supplies inventory purchased Deferred expense

fees earned but not yet collected Accrued revenue

depreciation expense recorded Estimate

insurance paid for future periods Deferred Expense