a. To record services performed but not yet billed or recorded - This is an accrued revenue, as it represents services performed but not yet billed or recorded.
b. To record expiration of prepaid insurance - This involves a prepaid expense, as it signifies the expiration of a prepaid insurance policy.
c. To record interest expense incurred but not yet paid - This is an accrued expense, as it denotes interest expense that has been incurred but not yet paid.
d. To record consulting services performed but not yet billed or recorded - Similar to the first entry, this is also an accrued revenue. It represents consulting services that have been performed but not yet billed or recorded.
e. To record revenue earned but not yet billed or recorded - This is an accrued revenue, indicating revenue that has been earned but not yet billed or recorded.
