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Question 3.2: Type of Adjustment Classify the following items as (1) prepa......

Type of Adjustment

Classify the following items as (1) prepaid expense, (2) unearned revenue, (3) accrued expense, or (4) accrued revenue.

a.  Wages owed but not yet paid.                         c.  Fees received but not yet earned.

b.  Supplies on hand.                                               d.  Fees earned but not yet received.

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a.   Accrued expense                       c.   Unearned revenue

b.   Prepaid expense                       d.   Accrued revenue

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