Accounting for n klein and company


Problem: N. Klein & Company had the following transactions in June. Using the matching concept, decide which of these transactions represented expenses for June

a. Received orders for goods with prices totaling $25,000.00; Goods to be delivered in July

b. Paid Office staff $9,750.00 for work performed in June

c. Products in Inventory costing $1,725 were found to be obsolete

d. Sold goods with a cost of $25,000.00 in June

e. Paid $750.00 for radio and advertising in June

f. Purchased additional Inventory for $27,000.00.

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