balance sheet
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Free InquiryThe following information pertains to Dash Co.’s utility bills:
Period covered Amount Date paid
April 16 – May 15 $5,000 June 1
May 16 – June 15 $6,000 July 1
June 16 – July 15 $8,000 August 1
What is the amount that Dash should report as a liability in its June 30 balance sheet?
A.$6,000
B.$7,000
C.$10,000
D.$14,000
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