Question: also, please explain why it is classified like that 5 Classify the type of following transactions (deferred expense, deferred revenue, accrued expense and accrued revenue)

also, please explain why it is classified like that also, please explain why it is classified like that 5 Classify the

5 Classify the type of following transactions (deferred expense, deferred revenue, accrued expense and accrued revenue) A. Paid six months of rent, $4,800 B. Received $1,200 from customer for six-month service contract that began 10 days ago C. Purchased $300 of office supplies on account D. Work performed but not yet billed to customer, $500 E. Employees earned $600 in salaries that will be paid next month

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