Question

ACCT 230 Spring 2020 Chapter 4 In-Class Handout Ante Class: Acct. 230 Date: 0211110.000 on me type of account (a through e) with the business transactions that follow. a. Prepaid expense Dc ferred 6xpense b. Accrued expense c. Unearned revenue d. Accrued revenue Deferred Revenue e. None of these choices 1. Services provided that have not been recorded. 2. Paid for one year's insurance policy. 3. Retainer fee received from a client for future legal representation. - 4. Annual property taxes that are paid at the end of the year. 5. Electric bill to be paid next month. 6. Paid for a six-month magazine subscription. 7. Received payment covering a six-month magazine subscription. 8. Provided tutoring for a student that will be invoiced next month. 9. Received six months of rental payments from a tenant. 10. Paid six months of rental payments to the landlord. 11. Annual depreciation on equipment, recorded on a monthly basis. 12. A contract to provide tutoring services beginning next month was signed.

Answer 1

1 Services provided that have not been recorded Paid for one year's insurance policy 3 Retained fee received from a client for future legal representation 4 Annual property taxes that are paid at the end of the year 5 Electric bill to be paid next month 6 Paid for a six-month magazine subscription 7 Received payment covering a six-month magazine subscription 8 Provided tutoring for a student that will be invoiced next month 9 Received six months of rental payments from a tenant 10 Paid six months ofrental payments to the landlord 11 Annual depreciation on equipment, recorded on a monthly basis 12 A contract to provide tutoring services beginning next month was signed Accrued Revenue Prepaid Expense Unearned Revenue Accured Expenses Accrued Expense Prepaid Expense Unearned Revenue Accrued Revenue Unearned Revenue Prepaid Expense Accured Expenses None of these Choices