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Candy Cane Opened an Ice Cream Store on June 1

Question 89

Multiple Choice

Candy Cane opened an ice cream store on June 1 and hired an accounting intern to help her establish the business.The intern has identified the following transactions.Which of these transactions is not an accounting transaction?


A) Purchased $3,400 of milk and cream from a local dairy
B) Signed a contract to deliver $1,200 of ice cream for a July 4th party
C) Paid June rent of $2,300
D) Borrowed money from the bank by signing a promissory note for $5,000

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