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E3-1 Matching Definitions with Terms [LO 3-1) Match each definition with its related term by selecting the appropriate letter from the dropdown below. Definition A.

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E3-1 Matching Definitions with Terms [LO 3-1) Match each definition with its related term by selecting the appropriate letter from the dropdown below. Definition A. A liability account used to record the obligation to provide future services or return cash that has been received before services have been provided. B. Costs that result when a company sacrifices resources to generate revenues in the current period. C. A type of asset account used to record the benefits obtained, when cash is paid before expenses are incurred. D. The amount charged to customers for providing goods or services. Definition Term 1. Expenses 2. Deferred revenue 3. Prepaid Expenses 4. Revenues

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