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

question 4

Essay

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.

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Definitions:

Interrogatories

Written questions formally submitted by one party to another in a lawsuit, requiring written answers.

Written Questions

A form of inquiry where questions are documented and presented in written form, often used for examinations, surveys, or legal procedures.

Depositions

Sworn out-of-court testimony given by a witness as part of the pretrial discovery process in a lawsuit.

Testimony

The formal statement or declaration of a witness under oath, typically given in court or legal proceedings.