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

question 82

Short Answer

Match the type of account (a - e) with the business transactions that follow.
-Paid for a 6-month magazine subscription.
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

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Definitions:

Regional Centers

Designated areas or hubs within a larger network, often used in logistics, commerce, or government, to coordinate activities, distribute resources, or provide services over a specific geographic area.

Minimal Shipping Cost

Refers to the lowest possible cost that a company or individual pays to transport goods from one location to another.

Market Demand

The total volume of a product or service that consumers in a market are willing and able to purchase at various prices during a specified period.

Outbound Transportation Costs

Expenses associated with the shipping of products from a warehouse or factory to the customer.