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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
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 $6,000 for insurance for the next 12 months. b. Received $2,400 for services to be performed equally over the next 12 months. c. Paid $700 for the current month's rent. d. Paid $150 cash for office supplies. e. Paid $700 in Salaries Expense. f. Received $1,700 in cash for service revenue earned this month. OA. $2,100 OB. $7,550 OC. $2,050 O D. $7,400
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