1. Unearned revenue

a.is recorded when services have been performed for the customer.

b.is recorded in an asset account (other than cash) when cash is received.

c.represents future revenue.

d.All of these choices are correct.

2. The adjusting entry to record accrued expenses includes a

a.credit to an expense account.

b.debit to an expense account.

c.credit to an asset account.

d.debit to a liability account.

3. The adjusting entry to record accrued expenses

a.is the same journal entry as recording expenses on account.

b.differs from the journal entry to record an expense payable on account.

c.includes a credit to an expense account.

d.includes a debit to a payable account.