Expenses 8

Question 2

Cost incurred as part of a company’s operating activities during a specified accounting period

Answer 2

Expenses

Question 3

Payments of salaries

Answer 3

Salaries expense

Question 4

Expenses on store supplies

Answer 4

Supplies expense

Question 5

Cost of renting an office space

Answer 5

Rent expense

Question 6

Cost of light, water, and telephone expense

Answer 6

Utilities expense