Classify the following items as (1) accrued revenue, (2) accrued expense, (3) unearned revenue, or...
80.2K
Verified Solution
Link Copied!
Question
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 |
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.