E3-5 Identifying Accrual Basis Expenses [LO 3-1, LO 3-2]

Under accrual basis accounting, expenses are recognized when incurred, which means the activity giving rise to the expense has occurred. Assume the following transactions occurred in January 2013:

Required:

For each of the transactions, if an expense is to be recognized in January, indicate the amount. (Enter your answers in whole dollars)

	Activity	Amount
a.	Dell paid its computer service technicians $126500 in salary for work done in January 2013. Answer from Dell