PROBLEM 2.16 Recognise expenses Calculate the total expenses for the month of February 2019, given the following transactions. 1 Paid salaries of $20 000 $5000 related to work carried out in January and $15 000 related to February 2 Paid commission expenses of $18 000 in February. The commission related to January sales. 3 Paid rent for the month of February of $5000 on 9 February 4 Received a bill for $800 from a plumber for repair work done on 25 February. This will be paid next month. 5 Purchased a block of land for $300 000 paying cash. work