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Retainer fee received from a client for future legal representation. Annual depreciation on equipment, recorded on a monthly basis. Electric bill to be paid next
Retainer fee received from a client for future legal representation. Annual depreciation on equipment, recorded on a monthly basis. Electric bill to be paid next month. Paid for one year's insurance policy. Provided tutoring for a student that will be invoiced next month. Received payment covering a 6-month magazine subscription. Annual property taxes that are paid at the end of the year. Services provided that have not been recorded. A contract to provide tutoring services beginning next month was signed. Received 6 months of rental payments from a tenant. Paid for a 6-month magazine subscription. Paid 6 months of rental payments to the landlord. prepaid expense Accrued expense unearned revenue Accrued revenue None of these choices are correct
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