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N. Keline & Company had the following transactions in June. Using the Matching concept decide which of these transactions represented expenses for June. a. Received
N. Keline & Company had the following transactions in June. Using the Matching concept decide which of these transactions represented expenses for June.
a. Received orders for good with prices totaling $25,000; goods to be delivered July.
b. Paid office staff $9750 for work performed in June.
c. Products in inventory costing $1725 were found to be obsolete.
d. Sold goods with a cost of $25,000 in June.
e. Paid $750 for radio advertising in June.
f. Purchased additional inventory for $27,000.
Please show an example of June expense items?
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