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

Transcribed Image Text:

Definition Term (1) At year-end, service revenue of $1,000 was collected in cash but was not yet earned. A. Accrued expense B. Deferred expense C. Accrued revenue D. Deferred revenue (2) Interest of $550 on a note receivable was earned at year- end, although collection of the interest is not due until the following year. (3) At year-end, wages payable of $5,600 had not been recorded or paid. (4) Office supplies were purchased during the year for $700, and $100 of them remained on hand (unused) at year-end.