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

question 144

Essay

In the space below,state whether each situation is a deferral or an accrual.
______a.Depreciation on machinery is $7,200 for the accounting period.
______b.Interest that has been incurred on a loan but that has not yet been paid or recorded is $675.
______c.Office supplies of $965 were on hand at the beginning of the period.Purchases of office supplies during the period totaled $640.At the end of the period,$120 in office supplies remained.
______d.Commissions amounting to $975 were earned but not yet collected by year end.
______e.Prepaid Rent had a $2,500 balance prior to adjustment.By year end,50 percent had expired.

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Definitions:

Low Sexual Desire

A decrease in the normal level of sexual interest or appetite.

Body Fluids

Liquids originating from inside the bodies of living organisms that carry nutrients, oxygen, and wastes, including but not limited to blood, saliva, semen, and lymph.

Sexual Response Cycle

The sequence of physical and emotional changes that occur as a person becomes sexually aroused and participates in sexually stimulating activities.

Arousal

A physiological and psychological state of being awake or reactive to stimuli, often associated with sexual readiness but also applicable to other contexts.