The following events pertain to Jasper Corporation:

May 1 Jasper purchased office supplies of $3,000 on account.

May 5 The office supplies were shipped to Jasper.

May 8 Jasper used these office supplies for a one-time event.

May 9 Jasper paid $3,000 cash for the office supplies purchased on May 1.

Using cash-basis accounting, on which date should Jasper record supplies expense?

A) May 1.

B) May 5.

C) May 8.

D) May 9.

Ch3 answer: D