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Matching Type Below are terms pertinent to adjusting entries. Match each definition with its related term. There are two answers for each term. Terms Definitions a. 1. Accrued Expense 2. Deferred Expense 3. Accrued Revenue 4. Deferred Revenue Revenue not yet earned; collected in advance. b. Office supplies on hand; used next accounting period. 4c Rent revenue, collected; not yet earned. d. Rent not yet collected; already earned. 1. e. An expense incurred; not yet paid or recorded. 4. f. Revenue earned; not yet collected. An expense not yet incurred; paid in advance. h. Property taxes incurred; not yet paid. A sehi Matching Type 31 Match each transaction with its related term: etto Terms Transactions 23 1. Deferred Revenue a. 2. Accrued Revenue At the end of the year, salaries payable of P3,600 had not been recorded or paid. b. Supplies for office use were purchased during the year for P500, and P100 of the office supplies remained on hand (unused) at year-end. C. Interest of P250 on a note receivable was earned at year-end, although collection of the interest is not due until the following year. 3 3. Deferred Expense 2 4. Accrued Expense d. At the end of the year, service revenues of P2,000 was collected in cash but was not yet earned