Junction Company had the following transactions, among others, during August. Which transaction represented an expense during August?
A) It paid $4 000 in settlement of a loan obtained three months earlier.
B) It paid $700 for advertising performed in June.
C) It paid dividend to shareholders.
D) It received an invoice for $500 of repairs on the delivery truck; the account will be paid during September.

Question

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The Answer of Junction Company had the following transactions, among others, during August. Which transaction represented an expense during August?
A) It paid $4 000 in settlement of a loan obtained three months earlier.
B) It paid $700 for advertising performed in June.
C) It paid dividend to shareholders.
D) It received an invoice for $500 of repairs on the delivery truck; the account will be paid during September.

Junction Company Had the Following Transactions, Among Others, During August