Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided. terms: a. prepaid expensesb. unearned revenuesc. accrued revenuesd. accrued expenses< ? xml: namespace prefix = o ns = "urn: schemas-microsoft-com: office: office" /> statements: 1. a revenue not yet earned; collected in . office supplies on hand that will be used in the next . subscriptions revenue collected; already . rent not yet collected; already . an expense incurred; not yet paid or . a revenue earned; not yet collected or . an expense not yet incurred; paid in . interest expenses incurred; not yet

Explanation:

1. Prepaid Expenses: In this transaction, the collection is made in advance so it will be come under prepaid expenses

2. Prepaid Expenses: In this transaction, the office supplies are used in the next period, so it will be treated as prepaid expenses

3. Accrued revenues: The subscription revenue is already earned, so it will be treated as a accrued revenues

4. Accrued revenues: The rent is earned but not collected, so it will be treated as a accrued revenues

5. Accrued Expenses: As the expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

6. Accrued Revenues:  As the revenue is earned but not yet collected or recorded so, it will be treated as an accrued revenues

7. Accrued Expenses: As the interest expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

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explanation: