Classify the following items as (a) prepaid expense (b) unearned revenue (c) accrued revenue (d) accrued expense
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Fees received but not yet earned
Unearned revenue
Subscriptions received in advance by a magazine publisher
Unearned revenue
Taxes owed but not payable in the following period
Accrued Expense
Salary owed but not yet paid
Accrued expense
Utilities owed but not yet paid
Accrued expense
Fees earned but not yet received
Accrued revenue
A two-year premium paid on a fire insurance policy
Prepaid expense
Supplies on hand
Prepaid expense
