Junction Company Had the Following Transactions,among Others,during August

question 10

Multiple Choice

Junction Company had the following transactions,among others,during August.Which transaction represented an expense during August?

• A) It paid $3300 in settlement of a loan obtained three months earlier.
• B) It paid $500 for advertising performed in June.
• C) It purchased $500 of repairs on account for the delivery truck;the account will be paid during September.
• D) It paid dividend to shareholders.

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