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Analyzing Accrual Accounting Adjustments The following balances for Experts Inc. were obtained from its accounting information system. Note: Round your answers to the following questions

image text in transcribedimage text in transcribed Analyzing Accrual Accounting Adjustments The following balances for Experts Inc. were obtained from its accounting information system. Note: Round your answers to the following questions to the nearest dollar. For example, enter 50 for 50.49 and enter 51 for 50.5 . 1. If supplies expense in the income statement is $14,400, what was the cost of supplies purchased during the current year? \$ 2. Assuming no write-offs of accounts receivable, what was the cash collected on accounts receivable during the current year if revenue recognized in the income statement for the current year is $430,240 ? q 3. If salaries paid during the year were $160,000, what was salaries expense for the current year? 4. If a 6-month lease payment made in advance was $5,280, what was Lease Expense (Short-Term) for the current year? On approximately what date was the payment made

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