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  3. Study Set
    Financial Accounting Study Set 8
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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 13

Question 13

Multiple Choice

A company did not record the receipt and payment of an utility bill for $500.Is the trial balance out of balance?


A) No.
B) Yes,by $500.
C) Yes,by $1,000.
D) Yes,by an indeterminate amount.

Correct Answer:

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