what is the amount of expense recognized in May under accrual accounting?

Acorual and Cash Basis Expenses Speedy Delnery Company provides next-day delivery across the southeastem United States. During May, Speedy incurred $132,600 n fuel costs. Speedy pad $95,450 of the fuel cost in May, with the remainder pard n June. Irn addition, Speedy paid $15,000 in May to another fuel suppler n an effort to huld up as supply of fuel Required: 1. Calculate the amount of expense recognized in May under cash basis accounting. 110,450 2. Calculate the amount of expense recognized in May under accrul basis accounting 22,150 X Feedhack Check My WekT 1 Under cash-tass accounting experses are necognzed when cash is paid 2 Lnder accoual-bass accourting experses are recognized when incumed which s generaly in the same pened as he ievenue hey heloed penerate Next