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In Year 1 Day Company incurred $350 of utility expense on account Day paid cash for these expenses in Year 2 Which of the following
In Year 1 Day Company incurred $350 of utility expense on account Day paid cash for these expenses in Year 2 Which of the following shows how these events will affect Day's ledger accounts in Year 2? Multiple Choice - + Assets Accounts Receivable Liabilities Accounts Payable (35 Stockholders' Equity Common Retained Stock Earnings Assets Liabilities + Stockholders' Equity Receivable Payable Assets - + Accounts Receivable Liabilities Accounts Payable + + Cash (350) Stockholders' Equity Common Retained Stock + Earnings (35e = + Assets Accounts Receivable Liabilities Accounts Payable (350) Stockholders' Equity Common Retained Stock Earnings
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