The appropriate letter code in the spaces provided

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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 recognized; collected in advance.

____    2.    An expense incurred; not yet paid or recorded.

____    3.    A revenue recognized; not yet collected or recorded.

____    4.    An expense not yet incurred; paid in advance.

Reference no: EM13839968

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