Matching Definitions with Terms
Match each definition with its related term by entering the appropriate letter in the spaceprovided.

Definition Term A. Accrued expense (1) A revenue not yet earned; collected in advance. (2) Rent not yet collected; already earned. (3) Property taxes incurred; not yet paid. (4) Rent revenue collected; not yet earned. (5) An expense incurred; not yet paid or recorded. (6) Office supplies on hand to be used next accounting period. (7) An expense not yet incurred: paid in advance. (8) A revenue earned; not yet collected. B. Deferred expense C. Accrued revenue D. Deferred revenue