3. In QBO, what is the difference between the vendor transaction Bill and Expense? Group of answer choices Expense � records services received that will be paid for later thus creating an account payable. Bill � record expenses paid for using cash, check or credit card at the time a product or service is received. Expense � record expenses paid for in cash, check or credit card at the time the product or service is received. Bill � tracks products ordered from vendors which will be billed when received. Expense � records a vendor refund received which reduces what a company owes the vendor. Bill � record services received that will be paid for later creating an account payable. Expense � record expenses paid for using cash, check or credit card at the time a company receives the product or service. Bill � record services received that will be paid for later creating an account payable.