Question: Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense. a. Cash received for services not yet
Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued revenue, or (4) accrued expense.
a. Cash received for services not yet rendered
b. Insurance paid
c. Rent revenue earned but not received
d. Salaries owed but not yet paid
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