Indicate if the following transactions adjust a Prepaid Expense (PE), an Accrued Expense (AE), an Unearned Revenue (UR), or an Accrued Revenue (AR):
_____ 1. Paid the yearly insurance policy.
_____ 2. Received payment for a yearly magazine subscription.
_____ 3. Services provided by an accountant that have not yet been billed or recorded.
_____ 4. Received the telephone bill which will be paid next month.
_____ 5. Received payment for computer consulting services which will be performed next year

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The Answer of Indicate if the following transactions adjust a Prepaid Expense (PE), an Accrued Expense (AE), an Unearned Revenue (UR), or an Accrued Revenue (AR):
_____ 1. Paid the yearly insurance policy.
_____ 2. Received payment for a yearly magazine subscription.
_____ 3. Services provided by an accountant that have not yet been billed or recorded.
_____ 4. Received the telephone bill which will be paid next month.
_____ 5. Received payment for computer consulting services which will be performed next year

Indicate If the Following Transactions Adjust a Prepaid Expense (PE)