Match the following transactions for Comfy Home to the correct category

purchase of inventory:

a. explicit transaction b. implicit transaction

Receipt of a client deposit for services to be performed next month

a. explicit transaction b. implicit transaction

Recording of depreciation on a building

a. explicit transaction b. implicit transaction

Payment for last month's utilities

a. explicit transaction b. implicit transaction

Recording interest expense for long-term debt

a. explicit transaction b. implicit transaction

Recognizing rent expense from prepaid rent

a. explicit transaction b. implicit transaction

Match the following transactions for Comfy Home to the correct category. Purchase of inventory [Choose ] [ Choose ] Payment for last month's utilities [ Choose ] Recording interest expense for long-term debt [ Choose] Recognizing rent expense from prepaid rent [ Choose ] [ Choose] Explicit transaction Implicit transaction