Match the Statements Below with the Appropriate Terms by Entering

Essay

Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided.
TERMS:
A. Prepaid Expenses
B. Unearned Revenues
C. Accrued Revenues
D. Accrued Expenses
STATEMENTS:
1. A revenue not yet earned; collected in advance.
2. Office supplies on hand that will be used in the next period.
3. Interest revenue collected; not yet earned.
4. Rent not yet collected; already earned.
5. An expense incurred; not yet paid or recorded.
6. A revenue earned; not yet collected or recorded.
7. An expense not yet incurred; paid in advance.
8. Interest expense incurred; not yet paid.