Question

when revenue expense are paid in cash​

Answer 1

Answer:

Cash payment. When an expense is recorded at the same time it is paid for with cash, the cash (asset) account declines, while the amount of the expense reduces the retained earnings account. ... Effectively, the result is an increase in a liability and a reduction of equity. Transfer from prepaid expenses.

Answer 2

Answer:

your answer is in Attachment that i attached

hope this help uhh...

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