Asset Method

Original Entry:

Prepaid Expenses xx
Cash xx
Asset Method
Adjusting Entry:

Expenses xx
Prepaid Expenses xx
Expense Method
Original Entry:

Expenses xx
Cash xx
Expense Method
Adjusting Entry:

Prepaid Expenses xx
Expense xx
Liability Method
Original Entry:

Cash xx
Unearned Liabilities xx
Liability Method
Adjusting Entry:

Unearned Liabilities xx
Income xx
Income Method
Original Entry:

Cash xx
Income xx
Income Method
Adjusting Entry:

Income xx
Unearned Liabilities xx
Accrued Expenses
Adjusting Entry:

Expenses xx
Accrued Payable xx
Accrued Income
Adjusting Entry:

Accounts Receivable xx
Accrued Income xx
Depreciation Method
Adjusting Entry:

Depreciation Expense xx
Accumulated Depreciation xx
Straight Line Method

Cost - Salvage Value
Life