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Calculate the amount of expense to be recognized

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Question - For each transaction below, calculate the amount of expense to be recognized in the current period using accrual-basis accounting:

a. Paid $3,100 on account for supplies purchased last period. All supplies were used last period.

b. Paid $5,800 cash for advertising for the current period.

c. Employees worked in the current period but will not be paid until the following period, $5,300.

Reference no: EM132653390

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