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Paid electricity for the month $1200 cash. The journal entry to record the transaction is:
Select one:
a. debit, cash $1200 and credit, electricity expense $1200.
b. debit, electricity payable $1200 and credit, electricity expense $1200.
c. debit, electricity expense $1200 and credit, cash $1200.
d. debit, cash $1200 and credit, electricity payable $1200.
Answer & Explanation
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