The following transactions, among others, occurred during August. Which transaction represented an expense for August? * Purchased a computer for P30,000 cash Paid P23,000 in settlement of a local...

Extracted text: The following transactions, among others, occurred during August. Which transaction represented an expense for August? * Purchased a computer for P30,000 cash Paid P23,000 in settlement of a local obtained three months earlier Paid P10,000 to an auto mechanic for repair work performed in June Purchased P7,000 of engine oil on account for the delivery truck. Account will be paid in September.