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DAN had $2000 beginning balance in utilities payable. he had an ending balance of $4000. Over the course of the period ABC received a bill for utilities for $5000. How much cash did they apy for utilities over the course of teh period?

What journal entries did they book to go from the beginning balance to the ending balance?

How much more or less expense was booked under teh accural basis than the cash basis?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M948992

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