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Received a telephone bill of $110 for the current month. The journal entry to record the transaction is: Select one: a. debit, telephone payable $110
Received a telephone bill of $110 for the current month. The journal entry to record the transaction is:
Select one:
a. debit, telephone payable $110 and credit, telephone expense $110.
b. debit, telephone expense $110 and credit, telephone payable $110.
c. debit, telephone expense $110and credit, cash $110.
d. debit, telephone payable $110 and credit, cash $110.
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