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You are an accounting clerk for a manufacturing company. You have just received an invoice from the utility (electricity) company, which you will not pay
You are an accounting clerk for a manufacturing company. You have just received an invoice from the utility (electricity) company, which you will not pay for 30 days. Year-end falls in between when you got the bill and when you will pay the bill. What entry should be posted to record this invoice? Debit utilities expense and credit Accounts Receivable. O Debit Uilities expense and credit accounts payable Debit Accounts Receivable and credit utilities expense. Debit utilities expense and credit accrued payables
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