Question 2 0.25 pts Which of the following is an example of an accrual? oc Recording a receivable for services provide on account Doing a physical count of inventory at the end of a period. Paying cash upfront for a year's rent Receiving cash from a customer for work to be performed later Question 3 0.25 pts On October 1. Wilco company pays $2.400 for a year of Insurance. The accounting period ends on December 31. What is the insurance expense recognized for that year? 2.400 600 400 1.200 Question 4 0.25 pts What is an accrual? A weird word Recording an event after cash is exchanged. Recording an event before cash is exchanged A violation of GAAP D Question 5 0.25 pts Salaries/Wages Payable has which of the following traits: Liability / Accrual Liability / Deferral Equity / Accrual Equity / Deferral