Some of MAC's Transactions During the Month of January Are

Multiple Choice

Some of MAC's transactions during the month of January are as follows.Which transaction,if any,is recognised as an expense for the month of January?

A) Paid $10 000 off a loan obtained during December.
B) Paid a supplier $200 for goods purchased on credit in November.
C) Purchased stationery to the value of $125 on credit, to be paid for in February.
D) Purchased a motor vehicle for $25 000 cash.