The following accounts were taken from the unadjusted trial balance of Washington Co., a congressional lobbying firm. Indicate whether or not each account would normally require an adjusting entry. If the account normally requires an adjusting entry, use the following notation to indicate the type of adjustment:

AE?Accrued Expense

AR?Accrued Revenue

PE ? Prepaid Expense

UR?Unearned Revenue

To illustrate, the answer for the first account is shown below.

Transcribed Image Text:

Account Answer Accounts Receivable Normally requires adjustment (AR). Cash Interest Payable Interest Receivable Joyce Carns, Capital Land Office Equipment Prepaid Rent Supplies Unearned Fees Wages Expense