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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...

This question was answered on Jan 22, 2013. View the Answer
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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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 pay...

This question was asked on Jan 22, 2013 and answered on Jan 22, 2013.

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