Match the type of account (a through e) with the business transactions that follow.
-Paid six months of rental payments to the landlord.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these choices

Question

Quizplus · Accepted Answer

Prepaid expense - Because the payment was made in advance for the rental payments, it is considered a prepaid expense.

Match the Type of Account (A Through E) with the Business