Question: How will Cat Lady record the October 4 transaction? (1 mark) a. increase both Business Licence and Accounts Payable, $60 b. increase Business Licence and

How will Cat Lady record the October 4 transaction? (1 mark) a. increase both Business Licence and Accounts Payable, $60 b. increase Business Licence and decrease Cash, $60 c. increase Office Expense and decrease Cash, $60 d. increase Accounts Payable and decrease Cash, $60 e. No entry is necessary because a business licence is intangible

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