Multiple Choice
Jensen Paints had the following transactions during October. Which transaction represents an expense?
A) Purchased office furniture for $1800 on account.
B) Paid $500 in settlement of a loan obtained six months earlier.
C) Received $200 cash for services provided to a client.
D) Purchased stationery for $120 cash.
Correct Answer:
Verified
Correct Answer:
Verified
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