Cortina Company accumulates the following adjustment data on December 31. Indicate (1) the type of adjustment (prepaid expense, accrued revenue, and so on) and (2) the status of the accounts before adjustment (overstated or understated). (Enter your answers in alphabetical order.)
Item (1) Type of Adjustment (2) Accounts Before Adjustment (
a) Supplies of $400 are on hand.
The supplies account shows a $1,600 balance. select the type of adjustment to select the status of the accounts before adjustment
(b) Services performed but unbilled total $700. select the type of adjustment to select the status of the accounts before adjustment
(c) Interest of $300 has accumulated on a note payable. select the type of adjustment to select the status of the accounts before adjustment (d) Rent collected in advance totaling $1,100 has been earned. select the type of adjustment to select the status of the accounts before adjustment select the status of the accounts before adjustment