What are total expenses for June 2012? Wages of $30 000 were paid in June for work done in June; $5000 of wages were owed at end of June for work done in June; and an invoice for $8000 was received for June advertising to be paid in July.
A) $30 000
B) $35 000
C) $43 000
D) $37 000

Question

Quizplus · Accepted Answer

- Wages paid in June for work done in June = $30,000
- Wages owed at end of June for work done in June = $5,000
- Invoice for June advertising to be paid in July = $0 (not an expense for June)
Total expenses for June 2012 = $30,000 + $5,000 = $35,000

What Are Total Expenses for June 2012? Wages of $30