Classify the following items as prepaid expense, unearned revenue, accrued revenue, or accrued expense. Prompts A three-year premium paid on a fire insurance policy. Fees earned but not yet received. Fees received but not yet earned. Salary owed but not yet paid. Subscriptions received in advance by a magazine publisher. Supplies on hand. Taxes owed but payable in the following period. Utilities owed but not vet paid. Submitted Answers Choose a match Choose a match Choose a match Choose a match Choose a match Choose a match Choose a match Choose a match

Classify the following items as prepaid expense, unearned revenue, accrued revenue, or accrued expense. Prompts Submitted Answers