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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,
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 June debt decreases and in March equity and cash decrease
c)In March, debt increases, expenses increase and equity does not change
d)In March, debt increases, expenses increase and equity decreases
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