In the space below,state whether each situation is a deferral or an accrual.
______
a.
Unrecorded interest on savings bonds is $765.
______
b.
Property taxes that have been incurred but that have not yet been paid or recorded amount to $1,034.
______
c.
Legal fees of $2,890 were collected in advance. By year end, 70 percent were still unearned.
______
d.
Prepaid Insurance had a $900 balance prior to adjustment. By year end, 25 percent was still unexpired.
______
e.
Salaries earned by employees by year end but not yet paid or recorded amounted to $1,655.
______
______ f. Services totaling $690 have been performed but not yet recorded or billed.

Question

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The Answer of In the space below,state whether each situation is a deferral or an accrual.
______
a.
Unrecorded interest on savings bonds is $765.
______
b.
Property taxes that have been incurred but that have not yet been paid or recorded amount to $1,034.
______
c.
Legal fees of $2,890 were collected in advance. By year end, 70 percent were still unearned.
______
d.
Prepaid Insurance had a $900 balance prior to adjustment. By year end, 25 percent was still unexpired.
______
e.
Salaries earned by employees by year end but not yet paid or recorded amounted to $1,655.
______
______ f. Services totaling $690 have been performed but not yet recorded or billed.

In the Space Below,state Whether Each Situation Is a Deferral