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Seconds Best Retail Store receives and immediately pays a $3,500 utility bill from the City Gas & Electric Company. City Gas & Electric Company will

Seconds Best Retail Store receives and immediately pays a $3,500 utility bill from the City Gas & Electric Company. City Gas & Electric Company will record the receipt of this payment with a journal entry that includes a: credit to Accounts Payable. credit to Utilities Expense. debit to Utilities Revenue. debit to Cash.

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