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Identify the classification of the following items as accrued asset unearned revenue accrued liability prepaid expense 1 . Three months' interest on notes payable paid
Identify the classification of the following items as
accrued asset
unearned revenue
accrued liability
prepaid expense
Three months' interest on notes payable paid in advance
Subscription fees for six months received in advance
Services rendered but not yet billed at monthend
Interest payable accrued on an accounts payable but not yet paid
Salaries payable owed but not yet paid
Two year's premium on building paid in advance
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