Accounting: Tools for Business Decision Making, 5th Edition

Published by Wiley
ISBN 10: 1118128168
ISBN 13: 978-1-11812-816-9

Chapter 4 - Accrual Accounting Concepts - Brief Exercises - Page 202: BE4-9


(a) Accounts receivable (b) Prepaid insurance (c) Equipment (e) Notes payable (f) Interest payable (g) Unearned service revenue

Work Step by Step

(a) Accrued express; service revenue. (b) prepaid expenses; insurance expenses. (c) no adjustment required. (d) accrued expenses; depreciation express. (e) no adjustment required. (f) accrued expenses; interest expenses. (g) unearned revenues; service revenue.
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