Matching Definitions with Terms
Match each definition with its related term by entering the appropriate letter in the space provided .
Definition | Term |
— (1) At year-end, service revenue of $1.000 was collected in cash but was not yet earned. | A. Accrued expense |
— (2) Interest of $550 on a note receivable was earned at yearend. although collection of the interest is not due until the following year. | B. Deferred expense |
— (3) At year-end, wages payable of $5, 600 had not been recorded or paid. | C. Accrued revenue |
— (4) Office supplies were purchased during the year for $700. and $100 of them remained on hand (unused) at year-end. | D. Deferred revenue |
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