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Telephone expense paid in advance at the end of an entitys financial year will be...

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Accounting

Telephone expense paid in advance at the end of an entitys financial year will be recorded in the general journal of the entity by: 1. Debiting pre-paid expense and crediting Bank 2. Debiting bank and crediting telephone expense 3. Debiting accrued expense and crediting bank 4. Debiting telephone expense and crediting bank

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