Question: OBJ. 1 EX 3-1 Classifying types of adjustments Classify the following items as (a) prepaid expense, (b) uneamed revenue, () accrued revenue, or (d) accrued

OBJ. 1 EX 3-1 Classifying types of adjustments Classify the following items as (a) prepaid expense, (b) uneamed 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. 3. Pees received but not yet eaned. 4. Salary owed but not yet paid. 5. Subscriptions received in advance by a magazine publisher 6. Supplies on hand. 7. Taxes owed but payable in the following period. 8. Utilities owed but not yet paid

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