Match the Type of Account (A - E) with the Business

question 141

Short Answer

Match the type of account (a - e) with the business transactions that follow.
-Received 6 months of rental payments from a tenant.
A)Prepaid expense
B)Accrued expense
C)Unearned revenue
D)Accrued revenue
E)None of these

• A)Prepaid expense
• B)Accrued expense
• C)Unearned revenue
• D)Accrued revenue
• E)None of these

---

Definitions:

Demonstrative Legacy

A bequest in a will that specifies a particular asset or monetary source to fund the gift.

Probate

The legal process of administering a deceased person's estate, including the resolution of any claims and the distribution of assets under a will.

Devise

A legal term for the bequest of real estate property through a will.