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10 Cards in this Set
- Front
- Back
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Service Revenue earned but unbilled totals $600.
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Accrued Revenues
Assets Understated Revenues Understated |
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Store supplies of $160 are on hand. Supplies account shows $1,900 balance.
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Prepaid Expenses
Assets Overstated Expenses Understated |
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Utility expenses of $275 are unpaid.
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Accrued Expenses
Liabilities Understated Expenses Understated |
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Service revenue of $490 collected in advance has been earned.
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Unearned Revenue
Liabilities Overstated Revenues understated |
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Salaries of $620 are unpaid.
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Accrued Expenses
Liabilities Understated Expenses Understated |
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Prepaid insurance totaling $400 has expired.
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Prepaid Expenses
Assets Overstated Expenses Understated |
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Accrued Revenues
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Assets Understated
Revenues Understated |
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Prepaid Expenses
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Assets Overstated
Expenses Understated |
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Accrued Expenses
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Liabilities Understated
Expenses Understated |
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Unearned Revenue
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Liabilities Overstated
Revenues Understated |
