Format 96 co EXERCISE 3.1 3 Ex 3-1 Classifying types of adjustments Obj. 1, 2, 3 classify the following items as (A) prepaid expense, unearned revenue, accrued revenue, or (D) accrued expense: 1. A two-year premium paid on a fire insurance policy. 2. Fees earned but not yet received. Fees received but not yet earned. 10 4. Salary owed but not yet paid. 11 5. Subscriptions received in advance by a magazine publisher. 12 6. Supplies on hand. 13 7. Taxes owed but payable in the following period. 14 8. Utilities owed but not yet paid. 18 19 3 20 4) 21 5) 24 80 4 EX 3-1 EX 3-2 EX 3-3 EX 3-7 EX 3-14 EX 3-27 Pr. 3-5A Pr. 3-1A Cell styw