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Indicate the revenue (if any) and expense (if any) that should be recognized using a accounting in each of the months January, February and March

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Indicate the revenue (if any) and expense (if any) that should be recognized using a accounting in each of the months January, February and March using the attached grid. Identify expense items with parentheses or a minus sign. a. In March the company paid $5,000 to a supplier that had delivered goods in December. b. In December the company prepaid the rent, $6,000 for the first calendar quarter. c. In January the company paid $24,000 to provide insurance for the entire calendar year. d. In January the company sells goods for a total of $25,000 cash. e. On the 1st day of each month the company pays a total of $15,000 for wages and salaries, in cash, for the work performed that month. f. On January 1 the company had $500 in office supplies. During January the company purchased office supplies for cash costing $2, 500. On January 31 the company still had $1,000 of office supplies on hand. g. The company sold goods for $26,000 during February on account and expects to receive $15,000 cash in March and $11,000 in April. h. On February 1 the company bought new equipment for s34,000 i. In February collects $3, 500 cash for goods will that be made and delivered in April. j. In February the company collects $20,000 cash for uniforms that were sold and delivered in December. k. In February the company buys $8,000 of raw material inventory on credit, and pays the invoice on March 15

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