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4. This refers to a type of adjusting entries which, at the time of payment, the account is an asst used, it becomes an expense
4. This refers to a type of adjusting entries which, at the time of payment, the account is an asst used, it becomes an expense account. a. Accrued Expense c. Pre-collected Income b. Accrued Revenue d. Prepaid Expenses 5. This refers to a type of adjusting entries in which income are received before services have before the goods are delivered. a. Accrued Expense c. Pre-collected Income Accrued Revenue d. Prepaid Expenses
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