A firm received and paid a utilities bill.How would this affect the elements of the fundamental accounting equation? 
Definitions:
Issue Price
The price at which new shares, bonds, or other securities are offered to the public or the holders.
Cash Dividend
A payment of profits by a company to its shareholders in the form of cash, typically issued on a quarterly basis.
Liability
A financial obligation or debt owed by a business to another entity.
Participating Preferred Stock
A type of preferred stock that provides holders the right to dividend payments exceeding the basic fixed rate if the company meets specified financial performance criteria.
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Q60: The following journal entry affected the accounting