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Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided TERMS: A. Prepaid Expenses B. Unearned Revenues
Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided TERMS: A. Prepaid Expenses B. Unearned Revenues C. Accrued Revenues D. 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
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