1.

An accrued expense can best be described as an amount _______________.

a.not paid and currently matched with earnings

b.not paid and not currently matched with earnings

c.paid and not currently matched with earnings

d.paid and currently matched with earnings

2.

Beginning and ending balances of accounts receivable were $28,000 and $36,000, respectively. If collections from customers during the period were $80,000, then total sales would be ___________.

a.$72,000

b.$80,000

c.$88,000

d.$108,000