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4 Check my work Under accrual basis accounting, expenses are recognized when incurred, which means...

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Accounting

4 Check my work Under accrual basis accounting, expenses are recognized when incurred, which means the activity giving rise to the expense has occurred. Assume the following transactions occurred in January: 1.87 Required: points For each of the transactions, if an expense is to be recognized in January, indicate the amount. Activity Amount eBook a. Dell paid its computer service technicians $90,000 in salary for work done in January. Answer from Dell's standpoint. 101) b. At the beginning of January, Turner Construction Company paid $3,000 in rent for February-April. Hint Print References c. McGraw-Hill Education-publisher of this textbook-used $3,000 worth of electricity and natural gas in January, which it has not paid or recorded. d. Pooler Company received and paid in January a $1,500 invoice from a consulting firm for services received in January. e. The campus bookstore received consulting services at a cost of $5,000. The terms indicate that payment is due within 30 days of the consultation. f. Schergevitch Incorporated had its delivery van repaired in January for $280 and charged the amount on account

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