Revenues are normally recognized when a company transfera promised goods or services to customers in the amount the company expect to receive. Expense recognition is quided by an attempt to match the costs associated with the generation of those revenues to the same time period. The following transactions occurred in January a. McGraw-Hill Education uses $2.770 worth of electricity and natural gas in its headquarters building for which it has not yet been billed. 6. At the beginning of January, Tumer Construction Company Days $983 for magazine advertising to run in monthly publications each of the first three months of the year. d. The University of Florida orders 65,000 season football tickets from its printer and pay $7.800 in advance for the custom printing. The first game will be played in September. Arawn from the e. The campus bookstore receives 680 accounting texts at a cost of $80 each. The terms indicate that payment is due within 30 days of delivery 1. During the last week of January, the campus bookstore sold 560 accounting texts received in (a) at a sales price of $130 each g. Fucillo Automotive Group pays its salespersons $14.900 in commissions related to December automobile sales. Answer from Fucillo's standpoint h On January 31. Fucilo Automotive Group determines that it will pay a salespersons $15.950 in commissions related to January sales. The payment will be made in early February. Anewer from LA new grill is purchased and installed at a Wendy's restaurant at the end of the day on January 31: a $14,050 cash payment is made on that day. Destiny USA formeny Carousel Mal in Syracuse, NY) had an iboral supplies costing 54,600 h storage. An additionat $2,900 worth of supplies was purchased during January. At the end of January An lowa State University employee works eight hours, at 513 per hour, on January 31. however, payday is not unti February 3. Answer from the university's point of view. Wang Company paid $2,700 for a freinsurance policy on January 1. The policy covers 12 months beginning on January 1. Answer from Wang's point of view m. Derek incorporated has its delivery van repared in January for $500 and charges the amount on account n. Hass Company, a farm equipment company receives its phone bill at the end of January for $372 for January cals. The bill has not been paid to date. o. Martin Company receives and pays in January a $1,485 invoice (b) from a consulting firm for services received in January. Answer from Martin's standpoint D. Parilo's Taxi Company pays a $725 invoice from a consulting firm for services received and recorded in December 4. PVH Corp, marufucturer of 200 ARROW. Van Housen Calvin Klein, and Tommy Hilfiger apparel completos production of 2.100 men's shirts ordered by Macy's department stores at com each and delivers the order. Answer from PVH Corp. 's standpoint Required: For nnch of the transactions. If an expense is to be recognized in January, indicate the expense account title and the amount. (I expense in not recognized choose "None") Expanse Account Affected Amount of Expense incurred in Januray a