Multiple Choice
Seconds Best Retail Store receives and immediately pays a $3,500 utility bill from the City Gas & Electric Company.City Gas & Electric Company will record the receipt of this payment with a journal entry that includes a:
A) credit to Accounts Payable
B) credit to Utilities Expense.
C) debit to Utilities Revenue.
D) debit to Cash.
Correct Answer:
Verified
Correct Answer:
Verified
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