classifies the following items as accrued revenues, accrued expenses, unearned revenu or prepaid expenses. Rent received in advance for renting an office space One-year insurance policy premium Fee earned but not received Fee received but not earned Account for ads that already appeared in the paper last month Payment charged for a service that has not been completed Rent paid in advance Salary due, but payable in the next period

A company pays its monthly rent at the end of the month. This transaction is recorded as: Group of answer choices A credit to prepaid rent and a debit to cash A debit to rent expense and a credit to cash A debit to prepaid rent and a credit to cash A debit to cash and a credit to rent expense

82 More info a. On July 1, a business collected $3,300 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has earned. b. Salaries expense is $1,900 per day-Monday through Friday and the business pays employees each Friday. This year December 31 falls on a Thursday. C. The unadjusted balance of the Office Supplies account is $3,400. Office supplies on hand total $1,700. d. Equipment depreciation was $400. e. On October 1, when the business prepaid $1,800 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash. Print Done X

Select all that apply Vance Co. allows employees to take a two week vacation each year. To account for the two weeks off each year, Dante will record an adjusting entry to which of the following accounts? Multiple select question. Credit to Salaries and Wages Payable. Credit to Cash. Debit to Cash. Credit to Vacation Benefits Payable. Debit to Vacation Benefits Expense. Debit to Salaries and Wages Expense.