ACC101_-_FA_2024_-_RE_3093.webp
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ACC101_-_FA_2024_-_RE_3093.webp

Kizspy | Question: 3
(Choose 1 answer)
The following transactions, among others, occurred during August. Which transaction represented an expense during August
A. Purchased office supplies for $3000 cash
B. Paid $3300 in settlement of a loan obtained three months earlier
C. Paid $500 to a garage mechanic for automobile repair work performed in June
D. Rent a space for office on account. The rental amount will be paid in the next 2 months.
E. None of these

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