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

Verified
Correct Answer:
Verified
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