On December 31,2015 Carmack Company Received a $215 Utility Bill

Multiple Choice

On December 31,2015 Carmack Company received a $215 utility bill for December that it will not pay until January 15.The adjusting entry needed on December 31 to accrue this expense is:

A) Debit Utilities Expense $215;credit Accounts Payable $215.
B) Debit Accounts Payable $215;credit Utilities Expense $215.
C) Debit Prepaid Utilities $215;credit Cash $215.
D) Debit Utilities Expense $215;credit Prepaid Utilities $215.
E) Debit Prepaid Utilities $215;credit Accounts Payable $215.