Your Best Advisors,a Service Company,uses Reversing Entries $$\begin{array} { | c | r | r | } \hline \text { Utilities Expense } & 400 & \\\hline \text { Utilities Payable } & & 400 \\\hline\end{array}$$

Your Best Advisors,a service company,uses reversing entries.On March 31,2016,they journalized and posted the following adjusting entry to accrue Utilities Expense: $$\begin{array} { | c | r | r | } \hline \text { Utilities Expense } & 400 & \\\hline \text { Utilities Payable } & & 400 \\\hline\end{array}$$ Which of the following entries is the correct reversing entry to be prepared on April 1,2016?

A) $$\begin{array} { | c | r | r | } \hline \text { Utilities Payable } & 400 & \\\hline \text { Utilities Expense } & & 400 \\\hline\end{array}$$
B) $$\begin{array} { | c | r | r | } \hline \text { Utilities Expense } & 400 & \\\hline \text { Income Summary } & & 400 \\\hline\end{array}$$
C) $$\begin{array} { | c | r | r | } \hline \text { Cash } & 400 & \\\hline \text { Utilities Expense } & & 400 \\\hline\end{array}$$
D) $$\begin{array} { | c | r | r | } \hline \text { Utilities Expense } & 400 & \\\hline \text { Accounts Receivable } & & 400 \\\hline\end{array}$$