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The network administrator notices that the hourly plot of a router's data traffic varies from hour to hour.What does this information tell the network administrator?
Unearned Service Revenue
Income received in advance for services that have not yet been performed, considered a liability until the service is delivered.
Adjusting Entries
Adjustments in accounting records at the end of a period to correctly distribute incomes and costs to the period they pertain to.
Prepaid Rent
Payments made in advance for rent, recorded as an asset on the balance sheet until it is consumed over time and moved to expense.
Prepaid Expenses
Payments made in advance for goods or services, which are recorded as an asset until they are consumed or used.
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