Business, 18.02.2021 20:50 sweetyus06

Match each type of adjusting entry with its definition. Deferred revenue
Accrued expenses
Prepaid expenses
Accrued revenue
Match each of the options above to the items below.
Receive cash in the current period that will be recorded as a revenue in a future period.
Record an expense in the current period that will be paid in cash in a future period.
Record a revenue in the current period that will be collected in cash in a future period.
Pay cash (or have an obligation to pay cash) in the current period that will be recorded as an expense in a future period.

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Match each type of adjusting entry with its definition. Deferred revenue
Accrued expenses

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