A company that uses the cash method of accounting bills a customer $10,000 for services rendered on October 15 and receives payment on November 15. A sale is recorded on the cash receipt date, which is November 15. Similarly, the company receives a $500 invoice from a supplier on July 10 and pays the bill on August 10. The expense is recognized on which date? 

A. July 10 

B. August 10 

C. October 15 

D. November 15

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