I should record _____ on my income and expense statement for the period of January 1 to June 30.
A) an $800 refrigerator I bought on credit on May 30
B) an outstanding education loan account
C) jewelry I purchased with an arrangement to pay later
D) my checking account balance
E) the groceries I bought and paid for in June

Question

Quizplus · Accepted Answer

The income and expense statement should include actual expenses incurred and paid for within the period, such as groceries bought and paid for in June.

I Should Record _____ on My Income and Expense Statement