Matching Concept For each of the following independent cases, indicate how much of the cost should be recognized as expense in the months of October and November, applying the matching concept:a. Employees work Monday through Friday and are paid on Monday for the previous week’s work. The total payroll is

$2,500 per week. October 31 falls on a Wednesday.

b. A new lease on buildings that are being rented goes into effect on November | and decreases the rent from $1,500 per month to $1,200. Rent for the next month is always prepaid on the last day of the current month.

c. The company borrowed money on October |. The 45-

day loan is to be repaid on November 15 along with $75 interest.

d. The company purchased a supply of solvents for $690 on October 1. The solvent is used in the company’s operations and is expected to last until March 31 of the next year.