Mingo Company has been in business several years. During January of 2018, the following transactions occurred:
.Paid employees $6,000 for wages during January.
.Paid $2,000 cash for other operating expenses of which $1,000 related to December and the balance related to January.
.Paid utilities and rent for January in the amount of $1,800.
.Paid a cash dividend to shareholders in the amount of $900 during January.
How much is total Expenses that Mingo Company will report for January 2018? Why is this amount different than the amount paid during the month?

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The Answer of Mingo Company has been in business several years. During January of 2018, the following transactions occurred:
.Paid employees $6,000 for wages during January.
.Paid $2,000 cash for other operating expenses of which $1,000 related to December and the balance related to January.
.Paid utilities and rent for January in the amount of $1,800.
.Paid a cash dividend to shareholders in the amount of $900 during January.
How much is total Expenses that Mingo Company will report for January 2018? Why is this amount different than the amount paid during the month?

Mingo Company Has Been in Business Several Years