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2) If a business records a telephone expense in March but does not pay the bill until June, which of the following is true? a)
| 2) If a business records a telephone expense in March but does not pay the bill until June, which of the following is true? | ||||||||
| a) | In June, debt decreases, expenses increase and equity decreases | |||||||
| b) | In March, debt increases, expenses increase and equity does not change | |||||||
| c) | In June debt decreases and in March equity and cash decrease | |||||||
| d) | In March, debt increases, expenses increase and equity decreases | |||||||
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