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Question
multiple choice question
which of the accounts below are considered accrued expenses?
unearned revenue, utility expense
cash, building, equipment
common stock, dividends
wages expense, interest expense
Accrued expenses are expenses incurred but not yet paid. Wages expense (earned by employees but not yet paid) and interest expense (owed but not yet paid) fit this definition. Unearned revenue is a liability for unearned income; cash, building, equipment are assets; common stock/dividends relate to equity, so these do not qualify as accrued expenses.
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D. Wages expense, Interest expense