Multiple Choice
On June 30,Sugar Co.received a bill for $4,200 for running a newspaper ad in June.The bill will be paid in July.Which of the following statements is correct for June?
A) Liabilities are decreased by $4,200.
B) Assets are increased by $4,200.
C) Expenses are increased by $4,200.
D) Revenues are decreased by $4,200.
Correct Answer:
Verified
Correct Answer:
Verified
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