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Waddle Co. is billed monthly for utility costs. The annual cost of utilities is $6,000. The bill for December 2022 will be received in January

Waddle Co. is billed monthly for utility costs. The annual cost of utilities is $6,000. The bill for December 2022 will be received in January 2023. How much should the company accrue at December 31, 2022 as utility costs payable?

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