Indicate If the Following Transactions Adjust a Prepaid Expense (PE)

question 170

Essay

Indicate if the following transactions adjust a Prepaid Expense (PE), an Accrued Expense (AE), an Unearned Revenue (UR), or an Accrued Revenue (AR):
_____ 1. Paid the yearly insurance policy.
_____ 2. Received payment for a yearly magazine subscription.
_____ 3. Services provided by an accountant that have not yet been billed or recorded.
_____ 4. Received the telephone bill which will be paid next month.
_____ 5. Received payment for computer consulting services which will be performed next year

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Definitions:

Parallel Learning Structure

An organization system designed to coexist with formal structures, facilitating learning and innovation.

Service Delivery Approaches

Methods or strategies adopted by businesses or organizations to distribute their services to customers effectively.

Organizational Change

The process through which a company or organization changes its structure, strategies, operational methods, technologies, or organizational culture.

Forces Resisting Change

The challenges or resistances faced during the process of making alterations in organizational strategies, processes, or culture.