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ABC paid $ 3 , 0 0 0 cash for the current month rent and another $ 2 , 0 0 0 for utilities. How
ABC paid $ cash for the current month rent and another $ for utilities. How does this transaction affect its balance sheet?
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Cash decreases and Expense increases.
Cash decreases and Expense decreases.
Cash increases and Expense increases.
Cash increases and Expense decreases.
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