Under accrual basis accounting, expenses are recognized when incurred. The following transactions occurred in January Required: For each of the transactions, if an expense is to be recognized in January, indicate the amount. (Enter your answers in dollars but not in millions.) Amount $ 0 $ 6,350 Activity AMZ Wolth Management paid scalespersons $4,300 in commissions related a. to December sales of financial advisory services. Answer from AMZ Wealth Management's standpoint. On January 31, AMZ Wealth Management determined that it will pay its b: salespersons $6,350 in commissions related to January sales. The payment will be made in early February. Answer from AMZ Wealth Managements standpoint The city of Omaha hired RM, Inc. to provide trash collection services beginning January 1. The city paid $13.2 million for the entire year, Answer from the city's standpoint The University of Florida paid $19,650 in advance for refundable airline tickets to dny the baseball team to a tournament in California. The first game will be played In March. Answer from the university's standpoint. A Houston Community College employee worked eight hours, at $10 per hour on January 31: payday is not until February 3. Answer from the college's point of View 1 Wang Company paid 54,320 for a fire insurance policy on January 1. The policy covers 12 months beginning on January 1. Answer from Wang's point of view. Zingier Company, a farm equipment company received a phone is for $330 of January is the bill has not been paid to date