The following accounts were taken from the unadjusted trial balance of Legislative Results Inc., a congressional lobbying firm

The following accounts were taken from the unadjusted trial balance of Legislative Results Inc., 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:

AR—Accrued Revenue
AE—Accrued Expense
UR—Unearned Revenue
PE—Prepaid Expense

To illustrate, the answer for the first account follows:

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


Answers:

Account                                       Answer
Accounts Receivable........................  Normally requires adjustment (AR).
Cash................................................ Does not normally require adjustment.
Harriet Kasun, Capital........................ Does not normally require adjustment.
Interest Expense..............................  Normally requires adjustment (AE).
Interest Receivable........................... Normally requires adjustment (AR).
Land................................................ Does not normally require adjustment.
Office Equipment.............................. Does not normally require adjustment.
Prepaid Rent.................................... Normally requires adjustment (PE).
Supplies.......................................... Normally requires adjustment (PE).
Unearned Fees................................. Normally requires adjustment (UR).
Wages Expense................................. Normally requires adjustment (AE).