For each transaction below,calculate the amount of expense to be recognized in the current period using accrual-basis accounting:
(a)Paid $3,500 on account for supplies purchased last period.All supplies were used last month.
(b)Paid $5,000 cash for advertising in the current period.
(c)Employees worked in the current period but will not be paid until the following period,$4,500.

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The Answer of For each transaction below,calculate the amount of expense to be recognized in the current period using accrual-basis accounting:
(a)Paid $3,500 on account for supplies purchased last period.All supplies were used last month.
(b)Paid $5,000 cash for advertising in the current period.
(c)Employees worked in the current period but will not be paid until the following period,$4,500.

For Each Transaction Below,calculate the Amount of Expense to Be