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) Used $90 worth of office telephone calls. The account will be paid during September.
B) Paid $3300 in settlement of a loan obtained three months earlier.
C) Paid a plumber $500 for repair work performed in July.
D) Purchased a computer for $3000 cash.