Entries that record an expense before the cash is paid are:
A) prepaid expenses.
B) accrued expenses.
C) unearned revenues.
D) accrued revenues.
Correct Answer:
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Q25: Prepaid rent is an expense account.
Q39: Adjusting entries NEVER involve:
A)expenses.
B)revenues.
C)liabilities.
D)cash.
Q41: At the end of the current year,
Q43: The accountant for Noble Jewellery Repair Services
Q44: What is the effect of the adjusting
Q45: Unearned revenue would be classified as a(n)account.
A)equity
B)asset
C)liability
D)revenue
Q46: In the case of a prepaid expense,the
Q46: The entry to record depreciation includes a
Q47: Accrued revenue is revenue that:
A)will be collected
Q60: Contra asset accounts like Accumulated depreciation have
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