Which of the following entries would record the payment of a utility bill?
A) Utilities Expense, debit; Cash, credit
B) Cash, debit; Utilities Expense, credit
C) Utilities Expense, debit; Accounts Payable, credit
D) Accounts Receivable, debit; Utilities Expense, credit
Correct Answer:
Verified
Q4: Which of the following entries records the
Q5: The process that begins with recording business
Q6: The general journal:
A) is the book of
Q7: How are credits distinguished from debits in
Q8: The journal entry debiting Cash and crediting
Q10: Financial statements that are prepared for a
Q11: A journal entry affecting three or more
Q12: The time period for which a statement
Q13: During the month of June, Jane invested
Q14: Revenue is traditionally recognized in the accounting
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