EXTRA CREDIT $-$ WHAT'S THE WORD?

$\backslash$table$[[7,5,8,6,3,6,1,5,2,4,5],[,,,,,,,,,,]]$

CLUES:

$1$ Equipment was purchased for $$50,000$ on November $1.$ It is estimated that annual depreciation will be $$4,200.$ How much is the adjusting entry for depreciation expese on December $31$ st of the same year?

$2$ What GAAP principle prescribes when revenue should be recognized in the accounting records?

$3$ The adjusting entry to record supplies used includes a debit to which account?

$4$ What liability account is used to record amounts received from customers before services are performed?

$5$ What kind of normal balance would accumulated depreciation have?

$7$ A company paid $$5,400$ for $6$ months worth of prepaid rent on December $1$st$.$ How much is the adjusting entry for rent expense on December $31$ st$?$

$8$ are revenue for services performed but not yet received in cash or recorded.