Under accrual basis accounting, expenses are recognized when incurred, which means the activity giving rise to the expense has occurred. Required: Assume the following transactions occurred in January. For each of the transactions, if an expense is to be recognized in January, indicate the amount. a. b. At the beginning of January, Turnboldt Construction Company pays $6,150 in rent for February to April. Transaction Gateway pays its computer service technicians $101,000 in salary for work done in January. Answer from Gateway's standpoint. Assume that McGraw-Hill Education-publisher of this textbook-uses c. $1,550 worth of electricity and natural gas in January for which it has not yet been billed. d. f. Pooler Company receives and pays in January a $2,050 invoice from a consulting firm for services received in January. The campus bookstore receives consulting services at a cost of $6,100. e. The terms indicate that payment is due within thirty days of the consultation. Schergevitch Incorporated has its delivery van repaired in January for $390 and charges the amount on account. Amount

Under accrual basis accounting, expenses are recognized when incurred, which means the activity giving rise to the expense has occurred. Required: Assume the following transactions occurred in January. For each of the transactions, if an expense is to be recognized in January, indicate the amount