4) Expenses incurred but not yet paid or recorded are called

a. prepaid expenses.

b. accrued expenses.

c. interim expenses.

d. unearned expenses.

5. Mulligan Company collected $12,800 in May of 2016 for 5 months of service which would take place from October of 2016 through February of 2017. The revenue reported from this transaction during 2016 would be

a.	$0.
b.	$5,120.
c.	$7,680.
d.	$12,800.