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For the following transactions, fill in the table by selecting the two accounts related to each transaction. For each transaction, two accounts are affected. List
For the following transactions, fill in the table by selecting the two accounts related to each transaction. For each transaction, two accounts are affected. List the accounts under the appropriate heading. Transaction Balance Sheet Account Income Statement Account Received the phone bill, to be paid next month Answer Accounts Payable Answer Telephone Expense Paid interest on the bank loan Answer Cash Answer Interest Expense Collected cash for services provided this week Answer Cash Answer Provided services this week on credit Answer Accounts Receivable
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