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Understanding the accrual basis of accounting is important, especially in QuickBooks. Explain how you would record the following entry. Record both November and December entries
Understanding the accrual basis of accounting is important, especially in QuickBooks. Explain how you would record the following entry. Record both November and December entries (provide the debits and credits in your response) When replying to the class, note any differences in replies with that of your own. 1. Received telephone bill for November in the amount of $75. Payment is due on December 10.
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