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The Following Events Pertain to Jasper Corporation: May 1 Jasper

Question 126

Multiple Choice

The following events pertain to Jasper Corporation: May 1 Jasper purchased office supplies of $3,000 on account.May 5 The office supplies were shipped to Jasper.May 8 Jasper used these office supplies for a one-time event.May 9 Jasper paid $3,000 cash for the office supplies purchased on May 1.Using cash-basis accounting,on which date should Jasper record supplies expense?


A) May 1.
B) May 5.
C) May 8.
D) May 9.

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