Question: Match each definition with its related term by entering the appropriate letter in the spaceprovided. Definition Term (1) At year-end, service revenue of $1,000 was
Match each definition with its related term by entering the appropriate letter in the spaceprovided.
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Definition Term (1) At year-end, service revenue of $1,000 was collected in A Accrued expense B. Prepaid expense (2) Interest of $550 on a note receivable was earned at year- C.Accrued revenue cash but was not yet earned. end, although collection of the interest is not due until D. Unearned revenue the following year. and $100 of them remained on hand (unused) at year-end recorded or paid. (3) Office supplies were purchased during the year for $700, (4) At year-end, wages payable of $5.600 had not been
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