PROBLEM 2.20 Recognise expenses Calculate the total expenses for the month of Fe

Question

PROBLEM 2.20 Recognise expenses Calculate the total expenses for the month of Febrvary 2016, given the following transactions Paid salaries of $20000, $5000 related to work carried out in January and $15 000 related to February wok aid commission expenses of $10000 in February. The commission related to January sales Paid rent for the month of February of $3000 on 9 February. 3 Received a bill for $750 from a plumber for repair work done on 25 February. This will be paid next month Paid an $80000 deposit on a block of land. 5

Explanation / Answer

1 15000 2 0 3 3000 4 750 5 0 Total expenses 18750

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