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Unformatted text preview: 4. Unearned revenues have yet to become an asset to the company until the funds are received, while prepaid expenses have an immediate impact on the liabilities of the company. E6 Debit Credit Cash X Wages Expense X Accounts Receivable X Common Stock X Service Revenue X Prepaid Rent X Accounts Payable X Investments in Securities X Income Taxes Payable X Income Taxes Expense X Land X Supplies Expense X Prepaid Insurance X Utilities Expenses X Fees Earned X Dividends X Wages Payable X Unearned Revenue X Office Equipment X Rent Payable X Notes Receivable X Interest Expenses X Notes Payable X Supplies X Interest Receivable X Rent Expense X...
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This note was uploaded on 07/27/2011 for the course ACCT 101 taught by Professor Ronbell during the Spring '11 term at UCSD.
- Spring '11