Your business receives a refund check from the utility company because it overcharged your business in the

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Your business receives a refund check from the utility company because it overcharged your business in the past. Which account is debited? Which account is credited?

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 16, 2022 02:48 AM

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Your business receives a refund check from the utility company because it overcharged your business in the

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A debit increases asset or expense accounts and decreases liability revenue or equity accounts A c...View the full answer

Glencoe Accounting First Year Course

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