Answer:
The accrual of an Expense/Revenue occurs when an entry to the accounting is made one period before the payment it's made, it happens because the transaction it's made at a moment in time but the payment in the future, Example: Electrical consumption, it ocurrs one month before the payment, we must register the liabilities.
With deferral of an expense occurs the opposite, first the payment of service it's made but it's consumed in the future, it's registered as Pay in Advance, for example, insurance, you paid the invoice that cover 6 months from now.
Explanation:
Net Income
Sales $29.700
Salaries Expenses -$4.900
Miscellaneous Expenses -$20.300
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Net Income $4.500
Balance Sheets
Assets
Cash $12.200
Prepaid Rent $3.800
Equipment $66.600
Supplies $6.200
TOTAL ASSETS $88.800
Liabilities
Accounts Payable $4.200
TOTAL LIABILITIES $4.200
Equity
Common Stock $67.400
Retained Earnings $17.200
TOTAL EQUITY $84.600
Dividends $3.600
