Multiple Choice
A customer received and then paid a $9,000 utility bill from Maryland Power Company. The journal entry by Maryland Power Company to record receipt of the payment would include:
A) A credit to Accounts Payable
B) A credit to Accounts Receivable
C) A credit to Utilities Revenue
D) A debit to Accounts Receivable
Correct Answer:
Verified
Correct Answer:
Verified
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