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Your business has hired a phone company to set up your office phone system. You pay the phone company $50 for the service. To record
Your business has hired a phone company to set up your office phone system. You pay the phone company $50 for the service. To record this transaction, your company must:
Select one:
a.decrease cash and increase telephone expense
b.decrease telephone expense and increase accounts payable
c.increase telephone expense and decrease accounts payable
d.decrease telephone expense and increase cash
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