The trial balance of Woods Company includes the following balance sheet accounts. Identify the accounts that might require adjustment. For each account that requires adjustment, indicate (1) the type of adjusting entry and (2) the related account in the adjusting entry.

(a) Accounts Receivable
(b) Prepaid Insurance
(c) Equipment
(d) Accumulated Depreciation Equipment
(e) Notes Payable
(f) Interest Payable
(g) Unearned Service Revenue

I)Accrued ReVenue /Service Revenue.

2.-Prepaid Expenses/ Insurance Expenses

3.No Entry

4.Prepaid expenses /depreciation expense

5.Accrued Interest payable/Interest Expenses

6.Accrued expenses/ Interest expenses.

7.Unearned expenses/ Service Revenue

Explanation:The type of adjusting entry/ the related account in the adjusting entry is given below

a)For Accounts Receivable---Accrued ReVenue /Service Revenue.

(b) For Prepaid Insurance---Prepaid Expenses/ Insurance Expenses

(c) Equipment ---- Equipment Exoenses. Equipment is a long-term asset that will not last so the cost of equipment is recorded in the account Equipment. No entry is needed in this account.

(d) For Accumulated Depreciation Equipment-----Prepaid expenses /depreciation expense

e) Notes Payable : Accrued Interest payable/ Interest Expenses

(f) Interest Payable--- Accrued expenses/ Interest expenses

(g) Unearned Service Revenue--Unearned expenses/ Service Revenue

in 2001, dell computer became the world’s largest personal computer vendor, continuing to

gain market share and post profits in an industry struggling with slumping sales and billions of

dollars in losses. dell sells 90% of its pcs directly to the final customer, largely bypassing the

reseller channel that accounts for most of the world’s pc sales. this direct customer relationship

is the key to dell’s business model, and provides distinct advantages over the indirect sales

model. dell’s direct relationship with the customer allows it to tailor its offerings to customer

needs, offer add-on products and services, and use the internet to offer a variety of customer

services. in addition, dell’s pcs are built to customers’ specifications upon receipt of an order,

giving dell additional advantages over indirect pc vendors who must try to forecast demand and

ship products based on those forecasts. dell’s direct sales and build-to-order model has achieved

superior performance in the pc industry in terms of inventory turnover, reduced overhead, cash

conversion, and return on investment (kraemer, et al., 2000).

explanation:

answer; the correct answer is (direct foreign investment);