Multiple Choice
Match the type of account (a through e) with the business transactions that follow.
-A contract to provide tutoring services beginning next month was signed.
A) Prepaid expense
B) Accrued expense
C) Unearned revenue
D) Accrued revenue
E) None of these choices
Correct Answer:
Verified
Correct Answer:
Verified
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Q95: Data for an adjusting entry described as
Q96: Accrued revenues would affect _ on the
Q98: The unexpired insurance at the end of
Q99: At year-end, the balance in the prepaid
Q100: REM Consulting is completing the accounting information
Q101: An example of deferred revenue is Unearned
Q102: A business pays biweekly salaries of $20,000