Which is NOT an example of an expense a) advertising b)insurance c)dividends d)depreciation

c. dividends

Explanation:

not payable... so

Fronke's Fashions

General Journal

Date      Transactions      Debit     Credit

April 1:   Inventory             $2,310

Cash                                               $2,310

To record the purchase of inventory for cash.

April 2: Cash                        $218

Inventory                                           $218

To record the return of inventory with a cash refund.

April 4: Inventory                 $871

Accounts payable (Breit Distributors) $871

To record the purchase of goods on account, terms n/30.

April 7: Accounts payable

(Breit Distributors)              $58

Inventory                                              $58

To record the return of goods on account.

April 30: Accounts payable

(Breit Distributors)             $813

Cash                                                   $813

To record the payment on account.

Explanation:

a) Data and Analysis:

April 1: Inventory $2,310 Cash $2,310

April 2: Cash $218 Inventory $218

April 4: Inventory $871 Accounts payable (Breit Distributors) $871, terms n/30

April 7: Accounts payable (Breit Distributors) $58 Inventory $58

April 30: Accounts payable (Breit Distributors) $813 Cash $813