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16. Burger Company paid $7,000 to suppliers this month for supplies used on burgers sold in the previous month. What is the cash expense and
16. Burger Company paid $7,000 to suppliers this month for supplies used on burgers sold in the previous month. What is the cash expense and accrual expense?
a. Cash Expense is $7,000 and accrual expense is $7,000 during the current month
b. Cash Expense is $7,000 and accrual expense is $-0- during the current month
c. Cash Expense is $-0- and accrual expense is $-0- during the current month
d. Cash Expense is $-0- and accrual expense is $7,000 during the current month
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