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Type of adjustment Classify the following items as ( 1 ) accrued revenue, ( 2 ) accrued expense, ( 3 ) unearned revenue, or (

Type of adjustment
Classify the following items as (1) accrued revenue, (2) accrued expense, (3) unearned revenue, or (4) prepaid expense:
Line Item Description Classification
a. Cash paid for future rent of office space
Accrued expense
b. Fees received for future services to be performed
Accrued revenue
c. Wages owed but not yet paid
Unearned revenue
d. Services rendered for cash to be received
Prepaid expense

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