Classify the following items as (1) Prepaid expense, (2) Unearned revenue, (3) Accrued revenue, or (4) Accrued

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Classify the following items as
(1) Prepaid expense,
(2) Unearned revenue,
(3) Accrued revenue, or
(4) Accrued expense.
(a) Cash received for use of land next month
(b) Fees earned but not received
(c) Rent expense owed but not yet paid
(d) Supplies on hand

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Financial And Managerial Accounting

ISBN: 9781337119207

14th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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