Question Details

In this assignment you will apply this knowledge and identify the following events as an accrual, deferral, or neither.




1.	Incurred other operating expenses on account.(Accrual Transaction)
	
2.	2. Recorded expenses for salaries owed to employees at the end of the accounting period( Accrual Transaction)
	
3. Paid a cash dividend to the stockholders (Neither)

4. Paid cash to purchase supplies to be used over the next several months (Neither)

5. Purchased a delivery van with a five-year     life.(Neither)

6. Provided services on account. (Neither)

7. Recognized interest income on a certificate of deposit before receiving the cash. (Accrued Transaction)

8. Paid one year of rent in advance.(Accrued Transaction)

9. Paid cash for utilities expense. (Neither)

10. Collected $2,400 in advance for services to be performed over the next 12 months. (Deferral Transaction)

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