A business had the following transactions, among others, during May. 1. Paid $2,000 salary to a sales
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A business had the following transactions, among others, during May.
1. Paid $2,000 salary to a sales representative for time worked during May.
2. Paid $500 for petrol purchased for the delivery van during May.
3. Purchased a computer for $2,500 cash.
4. Paid $14,000 in settlement of a loan obtained three months earlier.
5. The owner withdrew $400 from the business for personal use.
6. Paid $500 commission to a salesman for work performed last March.
Which of these transactions represented expenses incurred for May?
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