Junction Plants Had the Following Transactions During August

Multiple Choice

Junction Plants had the following transactions during August.Which transaction represents an expense for August under the accrual basis of accounting?

A) Purchased a computer for $3000 cash
B) Paid $3300 in settlement of a loan obtained three months earlier
C) Paid a service station $500 for repair work performed on its delivery truck in June
D) Purchased $30 of petrol on credit for the delivery truck.The account will be paid during September