Find the company must to record the transaction

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Reference no: EM132618026

Problem 1: Your business has hired a phone company to set up your office phone system. You pay the phone company $50 for the service. To record this transaction, your company must:

Select one:

Option a. decrease cash and increase telephone expense

Option b. decrease telephone expense and increase accounts payable

Option c. increase telephone expense and decrease accounts payable

Option d. decrease telephone expense and increase cash

Reference no: EM132618026

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