Question: QUESTION 2 LO 3.2) Prob.1 0.5 points Determine whether the following transaction would be accounted for as an expense, revenue, or neither in the

QUESTION 2 LO 3.2) Prob.1 0.5 points Determine whether the following transaction

QUESTION 2 LO 3.2) Prob.1 0.5 points Determine whether the following transaction would be accounted for as an expense, revenue, or neither in the month of January, February, or March. Assume accrual-basis accounting is used. Beerbo receives its utility bill on January 27 (for January utilities). The bill is paid on February 3. Accrual-basis accounting: recognize Accrual-basis accounting: recognize February. Accrual-basis accounting: recognize in January. in in March.

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