Tom and Jerry Ltd uses accrual accounting. Each of the following events occurred during March. Which one of the events should be recorded as revenue or as an expense in March 2020?

a.Services totalling $3,800 were performed during March for customers who paid in February for these services.

b.Collections of $4,800 were made at the beginning of March from sales that occurred during February.

c.Office supplies for $500 were purchased and paid at the end of March. They will be used during April 2020.

d.On 31 March a 12-month insurance policy for $1,200 was purchased and paid.

e.Purchased inventory for $1,900 cash at the end of March.