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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
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 $1,000 for the current month's rent. d. Paid $100 cash for office supplies. e. Paid $850 in Salaries Expense. f. Received $1,700 in cash for service revenue earned this month. A. $2,150 B. $2,650 C. $4,350 D. $4,250
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