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Squire company received a utility bill on the 15th day of the month and will pay the bill at the end of the month.
Squire company received a utility bill on the 15th day of the month and will pay the bill at the end of the month. On the day the bill was received, the financial accounting impact will include: O Decrease in liabilities; Increase in expenses; Decrease in equity Decrease in liabilities; Decrease in expenses; Increase in equity. O Increase in liabilities; Increase in expenses; Increase in equity. Increase in liabilities: Increase in expenses; Decrease in equity.
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