Paying a utility bill when received would:
A) increase expenses
B) increase liabilities
C) decrease revenues
D) increase owners' equity
Correct Answer:
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Q39: The payment of expenses should be recorded
Q40: This summarizes all the account balances for
Q41: A chart of accounts is:
A) a list
Q42: All of the following accounts would be
Q43: Dividends paid to the shareholders when declared
Q45: The accounting transaction to record the payment
Q46: Borrowing money from the bank by signing
Q47: A trial balance that is "in balance"
Q48: The normal balance of the Dividends account
Q49: The accounting transaction to record payment of
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