Matching
Match the following types of accounts with each of the following transactions.
Premises:
Used to record revenue earned but not received.
Used to record revenue received in advance.
Used to record wages owed, but not paid.
Used to record expiration of prepaid insurance.
Responses:
Unearned revenue
Accrued expense
Prepaid expense
Accrued revenue
Correct Answer:
Premises:
Responses:
Used to record revenue earned but not received.
Used to record revenue received in advance.
Used to record wages owed, but not paid.
Used to record expiration of prepaid insurance.
Premises:
Used to record revenue earned but not received.
Used to record revenue received in advance.
Used to record wages owed, but not paid.
Used to record expiration of prepaid insurance.
Responses:
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