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.
Required
Which of the above transactions represented expenses incurred for January?
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Related Book For
Financial Accounting A Practical Introduction
ISBN: 9780273714293
1st Edition
Authors: Ilias Basioudis
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