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A) $490. B) $480. C) $470. D) 5500. 3) The following events pertain to Jasper Corporation: May 1 Jasper purchased office supplies of $3,000 on
A) $490. B) $480. C) $470. D) 5500. 3) The following events pertain to Jasper Corporation: May 1 Jasper purchased office supplies of $3,000 on account. May 5 The office supplies were shipped to Jasper. May 8 Jasper used these office supplies for a one-time event. May 9 Jasper paid $3,000 cash for the office supplies purchased on May 1. Using cash-basis accounting, on which date should Jasper record supplies expense? A) May 9. B) May 8. C) May 1. D) May 5
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