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    Financial Accounting Study Set 22
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    Exam 2: Transaction Analysis
  5. Question
    A Company Did Not Record the Receipt and Payment of an Utility
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A Company Did Not Record the Receipt and Payment of an Utility

Question 120

Question 120

Multiple Choice

A company did not record the receipt and payment of an utility bill for $2200. Is the trial balance out of balance?


A) No.
B) Yes, by $2200.
C) Yes, by $4400.
D) Yes, by an indeterminate amount.

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