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Morris Lest, Inc. received and paid a $ 5 0 0 electric bill in June for electricity used in May. In which month should Morris

Morris Lest, Inc. received and paid a $

500

electric bill in June for electricity used in May. In which month should Morris Lest record the expense in accordance with Generally Accepted Accounting Principles?

Multiple choice question.

May

Half in May and half in June

June

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