Question: please answer im confused Explain if the following statement satisfies the expense definition criteria using the accrual method of accounting. Paid $7,500 to a supplien,

please answer im confused please answer im confused Explain if the following statement satisfies the expense

Explain if the following statement satisfies the expense definition criteria using the accrual method of accounting. "Paid $7,500 to a supplien, for goods that were purchased on credit". Explain if the following statement satisfies the expense definition criteria using the accrual method of accounting. "Paid $7,500 to a supplien, for goods that were purchased on credit

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