Question
4 Classify the following adjusting entries as involving prepaid expenses, unearned revenues, accrued expenses, or accrued revenues. a. To record annual depreciation expense. Prepaid
4 Classify the following adjusting entries as involving prepaid expenses, unearned revenues, accrued expenses, or accrued revenues. a. To record annual depreciation expense. Prepaid expenses b. To record revenue earned but not yet billed or recorded. Accrued revenues c. To record rent expense incurred but not yet paid Accrued expenses d. To record interest revenue earned but not yet collected or recorded. Accrued revenues. e. To record expiration of prepaid rent. Prepaid expenses
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