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On June 30, Sugar Co. received a bill for $1,950 for running a newspaper ad...

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Accounting

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On June 30, Sugar Co. received a bill for $1,950 for running a newspaper ad in June. The bill will be paid in July. Which of the following statements is correct for June? Multiple Choice Expenses are increased by $1,950. Liabilities are decreased by $1,950. Revenues are decreased by $1,950

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