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

Question 30

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 3 months earlier.
B) It paid $500 for advertising performed in June.
C) It purchased $500 of repairs on account for the delivery truck,account will be paid during September.
D) It paid dividend to shareholders.

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