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Classify the following adjusting entries as involving prepaid expenses (PE), unearned revenues (UR), accrued expenses (AE), or accrued revenues (AR).

a. ______ To record revenue earned that was previously received as cash in advance. b. ______ To record wages expense incurred but not yet paid (nor recorded). c. ______ To record revenue earned but not yet billed (nor recorded). d. ______ To record expiration of prepaid insurance. e. ______ To record annual depreciation expense.

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In this exercise, we need to identify the accounting adjustments.

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