Amazing Grapes wine store paid utilities and recorded the economic event in the general journal. When posting the related journal entries to the ledger, an impacted account or accounts would include ________.
A) Retained Earnings
B) Accounts Payable
C) Utilities Expense
D) Both B and C

Question

Quizplus · Accepted Answer

Utilities Expense is the account impacted when recording the payment of utilities, as it reflects the cost incurred by the business.

Amazing Grapes Wine Store Paid Utilities and Recorded the Economic