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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 accrual basis method? a. On the first of the month paid $6,000 for insurance for the next 12 months b. Received $1,200 for services to be performed equally over the next 6 months c. Paid $900 for the current month's rent d. Paid $350 cash for office supplies e. Paid $650 in Salaries Expense. 1. Received $1,900 in cash for service revenue earned this month. OA. 58.100 OB. $2,050 OC. $7,550 OD. $2 250
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