Question: Please answer it correctly Indicate the debit and credit account that would be used in each of the following scenarios: Debit Credit 1. To record

Please answer it correctly

Please answer it correctly Indicate the debit and credit account that would

Indicate the debit and credit account that would be used in each of the following scenarios: Debit Credit 1. To record payment of a utility bill that was accrued in the previous month. 2. To record receipt of cash for services performed for a client in previous month. 3. To record payment for expense that occurred during the current month. 4. To record receipt of cash for services performed during current month. 5. To record payment for 3 months of rent in advance

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