Multiple Choice
Which of the following transactions for July represents an expense for the month?
A) Paid $15 000 in advance as first payment for a new computing system.
B) Purchased inventory on account for resale in August.
C) Paid cash of $2000 to the bank for July interest on loan.
D) Borrowed $80 000 from the bank, repayable over four years.
Correct Answer:
Verified
Correct Answer:
Verified
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