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Seconds Best Retail Store receives and immediately pays a $3,500 utility bill from the City Gas & Electric Company. City Gas & Electric Company will record the receipt of this payment with a journal entry that includes a:

credit to Accounts Payable.

credit to Utilities Expense.

debit to Utilities Revenue.

debit to Cash.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92369599

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