Match the term with the appropriate definition. Prompts Answers Question 5 1 Accounts receivable Select match Question 5 2 Contra account Select match Question 5 3 Supplies Select match Question 5 4 Prepaid expenses Select match Question 5 5 Inventory. OPTIONS: are the normal costs of doing business that are paid in advance and have a contract period that extends into a future fiscal year. are funds due for medical services that were not paid in cash at the time of service. are those items that are consumed during business on a regular basis. is used to reduce the value of an asset account by the estimated loss in value of the asset. Contra accounts are most commonly used to record the estimated value of uncollectible accounts receivable and to record accumulated depreciation of capital assets. the combined value of items manufactured or purchased for resale and owned by the business as of the end date of the fiscal year.