Candy Cane opened an ice cream store on June 1 and hired an accounting intern to help her establish the business. The intern has identified the following transactions. Which of these transactions is not an accounting transaction?
A. Paid June rent of $2,300
B. Purchased $3,400 of milk and cream from a local dairy
C. Signed a contract to deliver $1,200 of ice cream for a July 4th party
D. Borrowed money from the bank by signing a promissory note for $5,000
Answer: C
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