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

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.