Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to accrue an expense [title] Understand what an accrued expense is. [step] An accrued expense occurs when an accounting period is coming to a close and there are unpaid expenses and unrecorded liabilities. For example, wages that have been earned but not yet disbursed would represent an accrued expense.

Ending1: Companies handle accrued expenses by making adjusting entries to the general journal. [title] Understand why you need to accrue expenses. Ending2: [substeps] An accrued expense would also show that the amount of the expense was earned without interest. [title] Calculate the accrued expense in your adjusted gross sales value. Ending3: An accrued expense is often shown as an expenditure, whereas an expense that remains unpaid is taxed. [title] Visit your accounting report to determine whether an expense is accrued as an additional expense. Ending4: In fact, an accrued expense might equal $1 , 000. [substeps] Simply because you have been out of work for a long time does not mean that you are owed an expense.

Answer format: ending1/ending2/ending3/ending4