Answer :
Answer:
1. Truck - (b) property, plant, and equipment
A Truck is an asset that is bought with the intentio of being used for over a year, therefore, it falls under this category.
2. Accumulated Depreciation - (e) expense
Accumulated depreciation is an expense that is charged against the value of an asset.
3. Telephone Expense - (e) expense
As the name implies, a telephone expense is an expense (part of overhead).
4. Fees Earned - (d) revenue
Fees earned are revenue that the company earns for providing a good or service, or because of an investment activity.
5. Wages Payable - (c) current liability
Wages payable are current liabilities because they have to be paid in a period of time shorter than a year (more likely shorter than a month). In accrual accounting, they are considered accrued expenses. (expeneses that have already been incurred, but are yet to be paid).
6. Prepaid Insurance - (a) current asset
Prepaid insurance is a current asset because insurance contracts are usually signed for one year.
7. Office Supplies - (e) expense
Office supplies are expenses because they have to be incurred, but they do not significantly help the company produce its goods or services.
8. Dining Expense - (e) expense
This is an expense for self-explanatory reasons.
9. Unearned Rent - (c) current liability
Because it represents money that you owe, not that you possess.