2. under accrual basis accounting, how much expense should kingston report february and march?

Accrual and Cash-Basis Expense Recognition The following information is taken from the accrual accounting records of Kingston Sales Company: a. During January, Kingston paid $9,150 for supplies to be used in sales to customers during the next two months (February and March). The supplies will be used evenly over the next two months. b. Kingston pays its employees at the end of each month for salaries earned during that month, Salaries paid at the end of February and March amounted to $4,925 and 55,100, respectively, c. Kingston placed an advertisement in the local newspaper during March at a cost of $800. The ad promoted the pre-spring sale during the last week in March. Kroper did not pay for the newspaper ad until mid-April Required: 1. Under cash-basis accounting, how much expense should Kingston report for February and March? February 4925 March $ 5100 2. Under accrual basis accounting, how much expense should Kingston report for February and March? February March 3. Which basis of accounting provides the most useful information for decision makers? Accrual basis