Which accounts are affected and in which direction, Financial Accounting

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Which accounts are affected and in which direction

Problem

Which accounts are affected, and in which direction, by the following business activity? Use account names from the expanded accounting equation. Select all that apply.

Received the bill for the use of your business phone this month, $120 plus HST. You will pay it next month.

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Financial Accounting: Which accounts are affected and in which direction

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Financial Accounting: Which accounts are affected and in which direction

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