BRIEF EXERCISE 4-1 Cash Net Income A. B. C. D. E. F.

BRIEF EXERCISE 4-2 (a) Prepaid Insuranceto recognize insurance expired during the period. (b) Depreciation Expenseto allocate the cost of an asset to expense during the current period. (c) Unearned Service Revenueto account for unearned revenue that has been earned during the period. (d) Interest Payableto recognize interest accrued but unpaid on notes payable during the current period. Cash $ -100 0 0 +800 -2,500 0 Net Income $0 -20 +1,300 0 0 -600