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Classify the Following Itemsprepaid Expense,unearned Revenue,accrued Expense, or Accrued Revenue

Question 136

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Classify the following itemsprepaid expense,unearned revenue,accrued expense, or accrued revenue.

Premises:
Fees received but not yet earned.
Accumulated depreciation.
Property tax accrual
Fees earned but not yet received.
Responses:
accrued expense
unearned revenue
accrued revenue.
prepaid expense

Correct Answer:

Fees received but not yet earned.
Accumulated depreciation.
Property tax accrual
Fees earned but not yet received.
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