A transaction, such as a utility bill to be paid in 30 days, would be journalized with a debit to Utilities expense and a credit to Notes payable.

Name: A transaction, such as a utility bill to be paid in 30 days, would be journalized with a debit to Utilities expense and a credit to Notes payable.
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A utility bill to be paid in 30 days would be journalized with a debit to Accounts payable (not Utilities expense) and a credit to Notes payable.

A Transaction, Such as a Utility Bill to Be Paid