Junction Company Had the Following Transactions, Among Others, During August

Multiple Choice

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

A) It paid $4 000 in settlement of a loan obtained three months earlier.
B) It paid $700 for advertising performed in June.
C) It paid dividend to shareholders.
D) It received an invoice for $500 of repairs on the delivery truck; the account will be paid during September.