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Mathematics, 25.02.2021 14:00 perlacruz0505
“Traveling expenses” of $ 5,000 and” Promotion and entertainment” of $ 15,000 should be
accrued. This amount represents an estimate of the amount of expenses that have been incurred in
June but that will not be invoiced until July.
You discover that there is no account called “Accounts Payable – Accrued” so you decide to
create it. Use account number 2022.
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“Traveling expenses” of $ 5,000 and” Promotion and entertainment” of $ 15,000 should be
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