Your Best Advisors, a service company, uses reversing entries. On March 31, 2014, they prepared the following adjusting entry to accrue Utilities Expense: Which of the following entries is the correct reversing entry to be prepared on April 1, 2014?

Question

Your Best Advisors, a service company, uses reversing entries. On March 31, 2014, they prepared the following adjusting entry to accrue Utilities Expense:  Which of the following entries is the correct reversing entry to be prepared on April 1, 2014?

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The Answer of Your Best Advisors, a service company, uses reversing entries. On March 31, 2014, they prepared the following adjusting entry to accrue Utilities Expense:  Which of the following entries is the correct reversing entry to be prepared on April 1, 2014?

Your Best Advisors, a Service Company, Uses Reversing Entries