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View Policies Current Attempt in Progress State whether each situation is a prepaid expense (PE), unearned revenue (UR). accrued revenue (AR) or an accrued expense
View Policies Current Attempt in Progress State whether each situation is a prepaid expense (PE), unearned revenue (UR). accrued revenue (AR) or an accrued expense (AE). 1. V 2. 3. Unrecorded interest on savings bonds is $216. Property taxes that have been incurred but that have not yet been paid or recorded amount to $354. Legal fees of $820 were collected in advance. By year end 60 percent were still uneared. Prepaid insurance had a $400 balance prior to adjustment By year end, 40 percent was still unexpired. Unpaid salaries earned by year end but not yet paid or recorded amounted to $1.368. 4. 5
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