Question: Consider the four entries in the preceding brief exercise. In Exercise Required Identify each entry as an accrued expense, an accrued revenue, a deferred expense,

Consider the four entries in the preceding brief exercise.
In Exercise

Consider the four entries in the preceding brief exercise. In Exercise Required Identify

Required
Identify each entry as an accrued expense, an accrued revenue, a deferred expense, or a deferred revenue.

1. Utilities Expense 2. (b) 3. (c) 4. Unearned Revenue 2,900 2,900 19,500 7,000 4,650 Service Revenue 19,500 7,000 4,650 Prepaid Insurance

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