Unadjusted Trial Balance

• Check if DEBITS = CREDITS

Type of Adjustments

Revenues

• Deferred Revenues: Cash that was received prior to delivery of goods or services
• Accrued Revenues: Revenues that are earned but have not been recorded

Expenses

• Deferred Expenses: Cash is paid before receiving the benefit
• Accrued Expenses: Expenses that have been incurred but not recorded