For the following situations, indicate whether each involves a deferred expense (DE), a deferred revenue (DR), an

Question:

For the following situations, indicate whether each involves a deferred expense (DE), a deferred revenue (DR), an accrued liability (AL), or an accrued asset (AA).
Example: __DE__ Office supplies purchased in advance of their use
___________ 1. Wages earned by employees but not yet paid
___________ 2. Cash collected from subscriptions in advance of publishing a magazine
___________ 3. Interest earned on a customer loan for which principal and interest have not yet been collected
___________ 4. One year’s premium on life insurance policy paid in advance
___________ 5. Office building purchased for cash
___________ 6. Rent collected in advance from a tenant
___________ 7. State income taxes owed at the end of the year
___________ 8. Rent owed by a tenant but not yet collected