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When a Company Receives a Utility Bill but Will Not

Question 190

Multiple Choice

When a company receives a utility bill but will not pay it right away, it should


A) debit Utilities Expense and credit Accounts Receivable.
B) debit Utilities Expense and credit Accounts Payable.
C) debit Accounts Payable and credit Utilities Expense.
D) make no entry until the bill is paid.

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