MATCH THE CHOICES WITH THEIR APPROPRIATE DESCRIPTION

Income statement accounts. Statement of financial position accounts. 1. Accrued expense Entries at the end of the period 2. Temporary accounts necessary to measure income. 3. Closing entries Revenues collected but not earned. 4. Permanent accounts 5. Adjusting entries End-of-period entries to transfer balances of temporary accounts to another account. 6. Deferred revenues An expense incurred but not yet paid