E3-7B. Expense Matching Identify the proper point to recognize expenses for each of the following transactions. a. Julio Inc. purchases for cash five custom dining tables for $1,200 each in March. Three tables are later sold for $1.750 each in April, and the remaining two tables are sold for $1,500 each in May. b. Craig Company purchases $400 of office supplies that are both paid for and used in August. c. Kerra Company purchases $500 of inventory on account in July. The inventory is sold for $650 in August. Kerra pays its suppliers the $500 due in September. F3.83 Clonino