Seconds Best Retail Store Receives and Immediately Pays a $3,500

Multiple Choice

Seconds Best Retail Store receives and immediately pays a $3,500 utility bill from the City Gas & Electric Company.The entry by the City Gas & Electric Company to record receipt of this payment would include a:

A) credit to accounts payable.
B) credit to utilities expense.
C) debit to utilities revenue.
D) debit to cash.