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ABC Company had the following transactions during the month. What would be the total amount of expenses for the month if
Posted: Fri Jul 01, 2022 8:41 am
by answerhappygod
- Abc Company Had The Following Transactions During The Month What Would Be The Total Amount Of Expenses For The Month If 1 (15.04 KiB) Viewed 24 times
ABC
Company had the following transactions during the month. What would be the total amount of expenses for the month if ABC
Company uses the cash basis method? a. Paid $2,400 for insurance for the next 12 months. b. Received $6,000 for services to be performed equally over the next 12 months. c. Paid $600 for the current month's rent d. Paid $100 cash for office supplies e. Paid $700 in Salaries Expense f. Received $2,000 in cash for service revenue earned this month. A $2,000 OB. $3,700 OC. $3,800 OD. $1,600 COLS