Kwun Company accumulates the following adjustment data at December 31. For each item, indicate the type of adjustment and the status of the accounts before adjustment.

Kwun Company accumulates the following adjustment data at December 31.

For each item, indicate the type of adjustment and the status of the accounts before adjustment. (Enter your answers in alphabetical order.)

				Type of Adjustment		Accounts Before Adjustment
(a)		Services performed but unbilled totals $600.		Prepaid Expenses Accrued Expenses Unearned Revenues Accrued Revenues		Revenues Understated Assets Overstated Expenses Understated Liabilities Understated Expenses Overstated Liabilities Overstated Assets Understated Revenues Overstated
						Revenues Understated Assets Overstated Expenses Understated Liabilities Understated Expenses Overstated Liabilities Overstated Revenues Overstated Assets Understated
(b)		Store supplies of $160 are on hand. The supplies account shows a $1,900 balance.		Accrued Expenses Prepaid Expenses Unearned Revenues Accrued Revenues		Assets Understated Revenues Understated Assets Overstated Expenses Overstated Expenses Understated Liabilities Understated Liabilities Overstated Revenues Overstated
						Liabilities Understated Liabilities Overstated Revenues Overstated Revenues Understated Expenses Overstated Assets Overstated Assets Understated Expenses Understated
(c)		Utility expenses of $275 are unpaid.		Unearned Revenues Accrued Revenues Accrued Expenses Prepaid Expenses		Liabilities Understated Liabilities Overstated Revenues Overstated Expenses Understated Expenses Overstated Assets Understated Revenues Understated Assets Overstated
						Expenses Overstated Liabilities Understated Assets Understated Expenses Understated Liabilities Overstated Revenues Overstated Revenues Understated Assets Overstated
(d)		Service performed of $490 collected in advance.		Accrued Revenues Accrued Expenses Prepaid Expenses Unearned Revenues		Revenues Understated Expenses Overstated Liabilities Understated Liabilities Overstated Revenues Overstated Assets Understated Assets Overstated Expenses Understated
						Liabilities Overstated Revenues Overstated Expenses Overstated Liabilities Understated Assets Understated Revenues Understated Expenses Understated Assets Overstated
(e)		Salaries of $620 are unpaid.		Unearned Revenues Prepaid Expenses Accrued Revenues Accrued Expenses		Liabilities Understated Revenues Understated Liabilities Overstated Assets Overstated Revenues Overstated Expenses Understated Expenses Overstated Assets Understated
						Liabilities Understated Revenues Understated Liabilities Overstated Revenues Overstated Expenses Overstated Assets Overstated Assets Understated Expenses Understated
(f)		Prepaid insurance totaling $400 has expired.		Prepaid Expenses Unearned Revenues Accrued Expenses Accrued Revenues		Expenses Overstated Liabilities Overstated Liabilities Understated Revenues Overstated Assets Overstated Assets Understated Revenues Understated Expenses Understated
						Liabilities Understated Revenues Understated Assets Understated Assets Overstated Revenues Overstated Expenses Overstated Expenses Understated Liabilities Overstated