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Qu Place an X for the two effects of each of the following transactions: Revenue Expense Liability Liability Asset Asset Transaction Earned Incurred Incurred Fulfilled
Qu Place an "X" for the two effects of each of the following transactions: Revenue Expense Liability Liability Asset Asset Transaction Earned Incurred Incurred Fulfilled Created Used Up a. Country Living Magazine sent magazines to customers who have paid their subscription. b. Young and Rubicam completed work on an advertising plan that will be billed and collected next month. c. Automotive Imports recorded the fact that it used up some of the cost of the building. d. Classic Ideas Consulting received a cell phone invoice which must be paid next month
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