Question

Which of the accounts below are considered accrued expenses?

Answer 1

Answer:

Accrued expenses are those liabilities that have built up over time and are due to be paid. Accrued expenses are considered to be current liabilities because the payment is usually due within one year of the date of the transaction. Accounts payable are current liabilities that will be paid in the near future.

Answer 2

Answer:

Wages expense, Interest expense

Step-by-step explanation: