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What are these: accrual, deferral, or neither.

1) incurred other operating expenses on account

2) paid a cash dividend to the stockholders

3) recorded expense for salaries owed to employees at the endof the accounting period

4) paid cash to purchase supplies to be used over the nextseveral months.

5) purchased a delivery van with a five-year life

6) provided services on account

7) recognized interest income on a certificate of depositbefore receiving the cash

8) paid one year's rent in advance

9) paid cash for utilities expense

10) collected $2,400 in advance for services to be performedover the next 12 months.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M9796626

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