<p><br/><img src="//img.wizedu.com/questions/4762ad90-cd3d-11ec-ac98-fb036e0e6a1c.png" alt="Required Identify each of the following events as an accrual, a deferral, or neither Type of Accounting Events a. Paid cash i" aria-describedby="j9p"/></p><p>Required </p><p>Identify each of the following events as an accrual, a deferral, or neither Type of Accounting Events </p><table><thead><tr class="firstRow"><th style="text-align: left;"><br/></th><th style="text-align: left;">Events</th><th style="text-align: left;">Type of Accounting</th></tr></thead><tbody><tr><td>a.</td><td>Paid cash in advance for a one-year insurance policy.</td><td><br/></td></tr><tr><td>b.</td><td>Paid cash to settle an account payable.</td><td><br/></td></tr><tr><td>c.</td><td>Collected accounts receivable.</td><td><br/></td></tr><tr><td>d.</td><td>Paid cash for current salaries expense.</td><td><br/></td></tr><tr><td>e.</td><td>Paid cash to purchase supplies.</td><td><br/></td></tr><tr><td>f.</td><td>Provided services on account.</td><td><br/></td></tr><tr><td>g.</td><td>Provided services and collected cash.</td><td><br/></td></tr><tr><td>h.</td><td>Paid cash to purchase land.</td><td><br/></td></tr><tr><td style="word-break: break-all;">i.</td><td>Recognized accrued salaries at the end of the accounting period.</td><td><br/></td></tr><tr><td>J.</td><td>Paid a cash dividend to the stockholders.</td><td><br/></td></tr><tr><td>k</td><td>Recognized revenue on account at the end of the period.</td><td><br/></td></tr><tr><td style="word-break: break-all;">l.</td><td style="word-break: break-all;">Collected cash for services to be provided in the future</td><td><br/></td></tr></tbody></table><p><br/></p>

Question

In: Accounting

Required Identify each of the following events as an accrual, a deferral, or neither Type of...

Required Identify each of the following events as an accrual, a deferral, or neither Type of Accounting Events a. Paid cash i

Required

Identify each of the following events as an accrual, a deferral, or neither Type of Accounting Events

	Events	Type of Accounting
a.	Paid cash in advance for a one-year insurance policy.
b.	Paid cash to settle an account payable.
c.	Collected accounts receivable.
d.	Paid cash for current salaries expense.
e.	Paid cash to purchase supplies.
f.	Provided services on account.
g.	Provided services and collected cash.
h.	Paid cash to purchase land.
i.	Recognized accrued salaries at the end of the accounting period.
J.	Paid a cash dividend to the stockholders.
k	Recognized revenue on account at the end of the period.
l.	Collected cash for services to be provided in the future

Solutions

Expert Solution

ekkarill92 answered 2 years ago

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