E3-6 Identifying Accrual Basis Expenses [LO 3-1, LO 3-2]

Under accrual basis accounting, expenses are recognized when incurred. 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.	American Express paid its salespersons $5700 in commissions related to December sales of financial advisory services. Answer from American Express