Which of the following entries correctly records the receipt of an electricity bill from the power company?
A. DR Electricity expense $\quad $ CR Accounts payable

B. DR Electricity payable $\quad $ CR Accounts payable

C. DR Accounts payable $\quad $ CR Electricity expense

D. DR Accounts payable $\quad $ CR Utilities payable

Question

Which of the following entries correctly records the receipt of an electricity bill from the power company?
A. DR Electricity expense  $\quad $ CR Accounts payable

B. DR Electricity payable  $\quad $ CR Accounts payable

C. DR Accounts payable  $\quad $ CR Electricity expense

D. DR Accounts payable  $\quad $ CR Utilities payable

Quizplus · Accepted Answer

The Answer of Which of the following entries correctly records the receipt of an electricity bill from the power company?
A. DR Electricity expense  $\quad $ CR Accounts payable

B. DR Electricity payable  $\quad $ CR Accounts payable

C. DR Accounts payable  $\quad $ CR Electricity expense

D. DR Accounts payable  $\quad $ CR Utilities payable

Which of the Following Entries Correctly Records the Receipt of an Electricity