Question: The trial balance of Gleason Company includes the following balance sheet accounts, which may require adjustment. For each account that requires adjustment, indicate (a) The

The trial balance of Gleason Company includes the following accounts, which may require adjustment. For each account that requires adjustment, indicate
(a) The type of adjusting entry (prepaid expenses, unearned revenues, accrued revenues, and accrued expenses)
(b) The related account in the adjusting entry.
Accounts Receivable ......... Interest Payable
Prepaid Insurance ......... Unearned Service Revenue
Accumulated Depreciation—Equipment

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Financial and managerial accounting 1st edition by Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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