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I. BE.03-02 Type of Adjustment Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense: a. Cash
I. BE.03-02 Type of Adjustment Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense: a. Cash received for use of land b. Fees earned but not received c. Rent expense owed but not yet paid d. Supplies on hand next month 2. BE.03-03.ALGO (Algorithmic) Adjustment for Accrued Revenues At the end of the current year, $12,010 of fees have been earned but have not been billed to clients. Journalize the adjusting entry to record the accrued fees. 3. BE.03-04.ALGO (Algorithmic) Adjustment for Accrued Expense Grega Realty Co. pays weekly salaries of $16,250 on Monday for a six-day workweek ending the preceding Saturday. Journalize the necessary adjusting entry at the end of the accounting period, assuming that the period ends on Friday. Round your answers to nearest whole dollar
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