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Gibby Industries received a $10,000 invoice for utilities services received. It will pay the invoice in the next accounting period. Which of the following correctly
Gibby Industries received a $10,000 invoice for utilities services received. It will pay the invoice in the next accounting period. Which of the following correctly states the impact the transaction has? Decrease in assets and increase in expenses Increase in liabilities and increase in expenses Increase in assets and increase in revenues* Increase in liabilities and increase in revenues Increase in assets and decrease in liabilities This is not a recordable transaction
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