Multiple Choice
Crest Co.receives and immediately pays a $5,250 utility bill from the Public Service Utility Company.Public Service Utility Company will record the receipt of this payment with a journal entry that includes a:
A) credit to Accounts Payable.
B) debit to Utilities Expense.
C) debit to Utilities Revenue.
D) debit to Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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