Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment, indicate (1) the type of adjustment (prepaid expense, unearned revenue, accrued revenue, or accrued expense) and (2) the related account in the adjustment.

a. Accounts Receivable.

b. Prepaid Insurance.

c. Equipment.

d. Accumulated Depreciation—Equipment.

e. Notes Payable.

f. Interest Payable.

g. Unearned Service Revenue.

Prepare an income statement from adjusted account balances.