The title Prepaid Expense suggests that this type of account is an expense. If it is, explain why. If it is not, what type of account is it? Miller-Nobles, Tracie L.; Mattison, Brenda L.; Matsumura, Ella Mae; Meissner, Carol A.; Johnston, Jo-Ann L.; Norwood, Peter R.. Horngren's Accounting, Volume 1, Tenth Canadian Edition, (Page 147). Pearson Education. Kindle Edition.

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The name Unearned Revenue suggests that this type of account is a revenue account and belongs on t... View the full answer