5. Which of the following is considered to be an accrued expense? a. a computer technician has installed the latest software updates and was paid on the same day. b. a computer technician has been paid in advance to install software updates as they become available c. acomputer technician has just signed an agreement with you regarding pricing for future work d. a computer technician has installed the latest software updates, but you have not received an invoice or made payment. 1. What is the major difference between the unadjuste and the adjusted trial balance? | 1. The adjusted trial balance will show the net income (loss) as an additional acce 1. Unlike the adjusted trial balance, the unadjusted trial balance will continue wit period processing even if it is not in balance. The adjusted trial balance includes the postings of the adjustments for the peric balance of the accounts. 14. The adjusted trial balance will be used to record the adjustments for the period. 2. Notes receivable due in 390 days appear on the Ia. balance sheet in the current assets section b. balance sheet in the noncurrent assets section c. balance sheet in the current liabilities section d. income statement as an expense b. 3. Unearned Fees appear on the 1. balance sheet in the current assets section b. balance sheet as a current liability c. balance sheet in the stockholders' equity section 1. income statement as revenue 4. Prepaid insurance is reported on the balance sheet current asset |b. fixed asset c. current liability d. long-term liability 5. The income statement should be prepared Ia. before the retained earnings statement and balance sheet | after the retained earnings statement and before the balance sheet 14. after the retained earnings statement and balance sheet d. after the balance sheet and before the retained earnings statement