Taxes owed buy payable in the following period

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Reference no: EM131032154

Classify the following items as (a) prepaid expense, (b) unearned revenue, (c) accrued revenue, or (d) accrued expense:

1. A two-year premium paid on a fire insurance policy.
2. Fees earned but not yet received.
3. Fees received but not yet earned.
4. Salary owed buy not yet paid.
5. Subscriptions received in advance by a magazine publisher.
6. Supplies on hand.
7. Taxes owed buy payable in the following period.
8. Utitlites owed but not yet paid.

Reference no: EM131032154

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