Identify the Type of Adjustment Necessary (The Type of Item

question 23

Essay

Identify the type of adjustment necessary (the type of item involved) and record the transaction for the event.Make sure to include the ending balances after adjustment.
Assume that on June 1, 2016, Tasty Sausage Corp.received $9,000 in advance to provide sausages over the next three months.The June 30 adjustment is: $\begin{array}{|l|c|c|c|c|c|c|}\hline & {\text { Assets = }} &&& {\text { Liabilities + Stockholder's Equity }} \\\hline & \text { Cash } & \begin{array}{c}\text { Office } \\\text { Equipment }\end{array} & \begin{array}{c}\text { Accumulated } \\\text { Depreciation }\end{array} & \begin{array}{c}\text { Unearned } \\\text { Revenue }\end{array} & \begin{array}{c}\text { Common } \\\text { Stock }\end{array} & \begin{array}{c}\text { Retained } \\\text { Earnings }\end{array} \\\hline \text { Beg. Bal. } & 9,000 & & & 9,000 & & \\\hline \text { Adjustment } & & & & & & \\\hline \text { End. Bal. } & & & & & & \\\hline\end{array}$

---

Definitions:

Belongingness Needs

A psychological state reflecting the human need to form and maintain strong, stable interpersonal relationships.

Self-Transcendence Needs

The highest level in Maslow's hierarchy of needs, referring to the pursuit of achieving one's full potential, including experiences of unity, spiritual fulfillment, and meaning in life.

Transpersonal Meaning

Pertaining to or denoting experiences that go beyond the personal self, reaching into aspects of consciousness that are expansive, spiritual, or transcendent.

Self-Actualization

Living up to or realizing one's own talents and potential, perceived as an organic demand or need existing universally in humans.