Art, asked by anki7608, 10 months ago

Abc co. Incurs cleanup expense of $500 on december 30. The supplier's invoice states that the $500 is due by january 10 and abc will pay the invoice on january 9. Abc follows the accrual basis of accounting and its accounting year ends on december 31. What is the effect of the cleanup service on the december balance sheet of abc?
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Answers

Answered by gowthamnaidu127
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Answer:

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