18) 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 $7,200 for services to be performed equally over the next 12 months.

c. Paid $1,400 for the current month's rent.

d. Paid $250 cash for office supplies.

e. Paid $700 in Salaries Expense.

f. Received $1,100 in cash for service revenue earned this month.

A) $2,900

B) $4,500

C) $2,550

D) $4,750

19) 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 $7,200 for insurance for the next 12 months.

b. Received $4,800 for services to be performed equally over the next 6 months.

c. Paid $800 for the current month's rent.

d. Paid $100 cash for office supplies.

e. Paid $850 in Salaries Expense.

f. Received $1,500 in cash for service revenue earned this month.

A) $3,150

B) $9,750

C) $2,350

D) $8,950