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Match the Following Types of Adjustments (A Though D)with the Transactions

Question 199

Matching

Match the following types of adjustments (a though d)with the transactions.

Premises:
Used to record revenue earned for which cash has not been received.
Used to record wages owed, but not yet paid.
Used to record expiration or use of prepaid insurance.
Used to record revenue earned for which cash was received in advance.
Responses:
Accrued expense
Unearned revenue
Accrued revenue
Prepaid expense

Correct Answer:

Used to record revenue earned for which cash has not been received.
Used to record wages owed, but not yet paid.
Used to record expiration or use of prepaid insurance.
Used to record revenue earned for which cash was received in advance.
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