Chapter 3, Problem 3QS

Identifying accounting adjustments
Classify the following adjusting entries as involving prepaid expenses (PE), unearned revenues (UR), accrued expenses (AE), or accrued
revenues (AR).
______ a. To record revenue earned that was previously received as cash in advance.
______ b. To record wages expense incurred but not yet paid (nor recorded).
_______ c. To record revenue earned but not yet billed (nor recorded).
_____ d. To record expiration of prepaid insurance.
_______ e. To record annual depreciation expense.