The following information pertains to Gone Company: May 1 Customer ordered an installation service to be done by GoneCompany on May 15. May 2 Customer paid cash for the installation job to be done on May 15. May 8 The Gone 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 Gone Company uses accrual-basis accounting, when would the company record the expense related to the supplies?

He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.