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The company did not receive a utility bill for the month of April, 2021 in time to close their books. The previous two bills for
The company did not receive a utility bill for the month of April, 2021 in time to close their books. The previous two bills for February and March 2020 were $20,000 and $22,000, respectively. On May 8, 2021 after the month of April was closed, they received the bill in the amount of $20,900 payable in 15 days. What journal entry is required on May 8 assuming they accrued the bill at $21,000
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Auditing And EDP Objective Questions And Explanations
Authors: Irvin N Gleim, William A. Hillison
4th Edition
0917537432, 978-0917537431
