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A company receives their August 2022 utility bill on August 31,2022...

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Accounting

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A company receives their August 2022 utility bill on August 31,2022 but will not pay the bill until September 5, 2022. What journal entry is needed August 31, 2022? debit Utilities Expense and credit Accounts Receivable. debit Utilities Expense and credit Accounts Payable. debit Accounts Payable and credit Utilities Expense, make no entry until the bill is paid

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