QS 3-3 Identifying accounting adjustments LO P1 Classify the following adjusting entries as involving prepaid expenses, unearned revenues, accrued expenses, or accrued revenues To record supplies used as supplies expense. a b. To record revenue earned but not yet billed (nor recorded). c To record rent expense incurred but not yet paid. d. To record interest revenue earned but not yet collected (nor recorded) Accrued expenses To record expiration of prepaid rent e Accrued revenues Prepaid expenses Unearned revenues