Test Prep – Help with Identifying types of adjustments and accounts before adjustment.Proctor Company accumulates the following adjustment data at December 31.Include the effect of the accounts before adjustment on net income or capital.a.Service Revenue earned but un billed totals $600b. Store supplies of $300 are on hand. Supplies account shows $1,900 balancec. Utility expenses of $275 are unpaidd. Service revenue of $490 collected in advance has been earned.e. Salaries of $800 are unpaid.f. Prepaid insurance totaling $400 has expired.For each item indicate 1)the type of adjustment(prepaid expense, unearned revenue, accrued revenue, or accrued expense), 2)the specific accounts that will be adjusted; and 3) the status of the accounts before adjustment (overstated or understated).Include the effect of the accounts before adjustment on net income or capital.Item Type of Adjustment Specific Accounts to be Adjusted Accounts Before Adjustment