Iowa Corporation Had a Beginning Balance of $8,600 in Utilities

Multiple Choice

Iowa Corporation had a beginning balance of $8,600 in Utilities Payable account at the start of the year and an ending balance of $4,000.During the year Iowa recorded $10,000 of utilities expense.How much cash did Iowa pay the utility company during the year?

A) $14,600
B) $5,400
C) $10,00
D) Can't be determined with the information given