ACCRUAL BASIS TO CASH BASIS:Determine the amount of cash paid (or received) for each of the following situations:

A. Deferred expenses:(example: Prepaid Insurance)

Beginning Balance Ending Balance Expense Recognized Cash Paid

1. 0 0 5000

2. 0 1000 5000

3. 1000 0 5000

4. 250 750 5000

5. 750 250 5000