Paid six months of rent, $4,800. 10 Apr. 1 Received $1,200 from customer for six-month service contract that began April 1. 15 Purchased a computer for $1,000. Purchased $300 of office supplies on...

Identifying types of adjusting entries

A select list of transactions for Anuradha’s Goals follows:

For each transaction, identify what type of adjusting entry would be needed. Select from the following four types of adjusting entries: deferred expense, deferred revenue, accrued expense, accrued revenue.

Extracted text: Paid six months of rent, $4,800. 10 Apr. 1 Received $1,200 from customer for six-month service contract that began April 1. 15 Purchased a computer for $1,000. Purchased $300 of office supplies on account. Work performed but not yet billed to customer, $500. Employees earned $600 in salaries that will be paid May 2. 18 30 30