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  3. classify the following items as (1) accrued revenu

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

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Accounting

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 rent of office space Accrued expenseAccrued revenuePrepaid expenseUnearned revenue
b. Fees received for services to be performed Accrued expenseAccrued revenuePrepaid expenseUnearned revenue
c. Wages owed but not yet paid Accrued expenseAccrued revenuePrepaid expenseUnearned revenue
d. Services rendered for cash to be received Accrued expenseAccrued revenuePrepaid expenseUnearned revenue

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