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For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system: Transaction: Butler Company placed

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For the following transaction, answer the questions that follow in accordance with the rules of journalizing and the double-entry accounting system: Transaction: Butler Company placed an ad in the local paper for the current month to be paid next month, $1,400. which two accounts are affected? Choose one Choose one What kind of accounts are they? Choose one Choose one Do the account balances Increase or decrease? Increase Decrease Increase Decrease Do we debitor credit the accounts Debit Credit O Debit Credit

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