Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided.

TERMS:

1. Prepaid Expenses
2. Unearned Revenues
3. Accrued Revenues
4. Accrued Expenses

STATEMENTS:

____ 1. A revenue not yet recognized; collected in advance.

____ 2. Office supplies on hand that will be used in the next period.

____ 3. Interest revenue collected; not yet recognized.

____ 4. Rent not yet collected; already recognized.

____ 5. An expense incurred; not yet paid or recorded.

____ 6. A revenue recognized; not yet collected or recorded.

____ 7. An expense not yet incurred; paid in advance.

____ 8. Interest expense incurred; not yet paid.