Match each item with its related term by entering the appropriate letter in the space provided. Item

Match each item with its related term by entering the appropriate letter in the space provided.

Transcribed Image Text:

Item (1) At year-end, service revenue of $1,000 was collected in cash but was not yet earned. (2) Interest of $550 on a note receivable was earned at year-end, although collection of the interest is not due until the following year. (3) At year-end, wages payable of $5,600 had not been recorded or paid. (4) Office supplies were purchased during the year for $700, and $100 of them remained on hand (unused) at year-end. (5) $8,000 of the equipment's cost was used during the year, but not yet recorded. (6) A $720 bill for utility usage for the last month of the year was received, but not yet paid or recorded. Term A. Accrued expense B. Deferred expense C. Accrued revenue D. Deferred revenue