Hazy Shades Received and Paid a Utility Bill for $725

question 97

Multiple Choice

Hazy Shades received and paid a utility bill for $725 for the month of March. This transaction will

• A) increase Cash and increase Utility Expense.
• B) decrease Cash and increase Utility Expense.
• C) increase Cash and decrease Utility Expense.
• D) increase Utility Expense and decrease Withdrawal.

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Definitions:

Proxy

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