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Match each definition with its related term. eractive Exercise A revenue not yet earned; cash collected in advance like a gift card. At year
Match each definition with its related term. eractive Exercise A revenue not yet earned; cash collected in advance like a gift card. At year end, service revenue was collected in cash but not yet earned. Office supplies purchased to be used next accounting period. Insurance policy paid for in advance; insurance coverage begins next accounting period. Interest earned on a note receivable at year end; collection is due upon maturity of the note. Rent not yet collected from tenants; already earned. Interest owed on a note payable; not yet paid. Income taxes owed; not yet paid. Accrued revenue Deferred revenue Deferred expense Accrued expense Deferred revenue Deferred expense Accrued expense Accrued revenue
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