A transaction was recorded as a debit to phone expense and, Ask an Expert

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A transaction was recorded as a debit to phone expense and a credit to cash. After reviewing the trial balance and searching, we find that the debit should have gone to utilities expense. The correction would be:

A. Debit utilities expense, credit phone expense

B. debit cash, credit phone expense

C. debit utilities expense, credit Cash

D. None of the above

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91376717

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