Question: Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided TERMS: A. Prepaid Expenses B. Unearned Revenues

 Match the statements below with the appropriate terms by entering the

Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided TERMS: A. Prepaid Expenses B. Unearned Revenues C. Accrued Revenues D. Accrued Expenses STATEMENTS: 1. A revenue not yet recognized, collected in advance. 2. Office supplies on hand that will be used in the next period. 3. Interest revenue collected; not yet recognized. 4. Rent not yet collected; already recognized. 5. An expense incurred; not yet paid or recorded. 6. A revenue recognized; not yet collected or recorded. 7. An expense not yet incurred; paid in advance. 8. Interest expense incurred; not yet paid

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