• 2022-06-12
    At the end of September, Jack received a bill for fuel used in September. Payment is not due until October 30. This transaction
    A: should not be recorded in the accounting records until October.
    B: causes a decrease in assets and in owners' equity in October when the bill is paid.
    C: should be recorded as an expense of September, regardless of the payment date.
    D: is recorded as a liability in September, but is not considered an expense until paid.
  • C

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