The following information pertains to Sooner Company:
May 1 Customer ordered an installation service to be done by Sooner Company on May 15.
May 2 Customer paid cash for the installation job to be done on May 15.
May 8 The Sooner Company purchased installation supplies on account for the job.
May 15 The installation job was started and completed.
May 20 Amount owed for supplies purchased on May 8 is paid.
Assuming that Sooner Company uses accrual-basis accounting, when would the company record the expense related to the supplies?
A) May 2.
B) May 8.
C) May 15.
D) May 20.
Answer: C
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