For each transaction below, calculate the amount of expense to be recognized in the current period using accrual-basis accounting: Paid $3, 200 on account for supplies purchased last period. All supplies were used last period. Expense to be recognized Paid $5, 500 cash for advertising for the current period. Expense to be recognized Employees worked in the current period but will not be paid until the following period, $5, 400. Expense to be recognized