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Under accrual basis accounting, expenses are recognized when incurred, which means the activity giving rise to the expense has occurred.

Required:

Assume the following transactions occurred in January. For each of the transactions, if an expense is to be recognized in January, indicate the amount.

$\backslash$table$[[,$Transaction,Amount$],[$a$.,\backslash$table$[[$Gateway pays its computer service technicians $$93,000$ in salary for work done in January. Answer$],[$from Gateway's standpoint.$]],],[$b$.,\backslash$table$[[$At the beginning of January, Turnboldt Construction Company pays $$4,950$ in rent for February to$],[$April$.]],],[$c$.,\backslash$table$[[$Assume that McGraw$-$Hill Education$-$publisher of this textbook$-$uses $$1,150$ worth of electricity and$],[$natural gas in January for which it has not yet been billed.$]],],[$d$.,\backslash$table$[[$Pooler Company receives and pays in January a $$1,650$ invoice from a consulting firm for services$],[$received in January.$]],],[$e$.,\backslash$table$[[$The campus bookstore receives consulting services at a cost of $$5,300.$ The terms indicate that$],[$payment is due within thirty days of the consultation.$]],],[$f$.,\backslash$table$[[$Schergevitch Incorporated has its delivery van repaired in January for $$310$ and charges the amount$],[$on account.$]],]]$

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Under accrual basis accounting, expenses are recognized when incurred, which means the activity giving rise to the expense has occurred.

Required:

Assume the following transactions occurred in January. For each of the transactions, if an expense is to be recognized in January, indicate the amount.

$\backslash$table$[[,$Transaction,Amount$],[$a$.,\backslash$table$[[$Gateway pays its computer service technicians $$93,000$ in salary for work done in January. Answer$],[$from Gateway's standpoint.$]],],[$b$.,\backslash$table$[[$At the beginning of January, Turnboldt Construction Company pays $$4,950$ in rent for February to$],[$April$.]],],[$c$.,\backslash$table$[[$Assume that McGraw$-$Hill Education$-$publisher of this textbook$-$uses $$1,150$ worth of electricity and$],[$natural gas in January for which it has not yet been billed.$]],],[$d$.,\backslash$table$[[$Pooler Company receives and pays in January a $$1,650$ invoice from a consulting firm for services$],[$received in January.$]],],[$e$.,\backslash$table$[[$The campus bookstore receives consulting services at a cost of $$5,300.$ The terms indicate that$],[$payment is due within thity days of the consultation.$]],],[$f$.,\backslash$table$[[$Schergevitch Incorporated has its delivery van repaired in January for $$310$ and charges the amount$],[$on account.$]],]]$

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