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

PE 3-2B Type of adjustment

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

Cash received for use of land next month c.

Rent expense owed but not yet paid b.

Fees earned but not received d.

Supplies on hand