Business, 10.02.2020 22:28 mooreadrian4123532

Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided.

Terms:

A. Prepaid Expenses

B. Unearned Revenues

C. Accrued Revenues

D. Accrued Expenses

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Statements:

1. A revenue not yet earned; collected in advance_

2. Office supplies on hand that will be used in the next period_

3. Subscriptions revenue collected; already earned_

4. Rent not yet collected; already earned_

5. An expense incurred; not yet paid or recorded_

6. A revenue earned; not yet collected or recorded_

7. An expense not yet incurred; paid in advance_

8. Interest expenses incurred; not yet paid_

Answers: 2

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