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What Does the Following Journal Entry Indicate? Legal Expense

Question 35

Multiple Choice

What does the following journal entry indicate? Legal Expense..................2,900
Cash...............................2,900


A) $2,900 cash is due to an attorney.
B) A sum of $2,900 was received from attorney in advance.
C) $2,900 cash is due from an attorney.
D) An attorney was paid $2,900 in cash.

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