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Northwest Company Received and Immediately Paid a $4,000 Utility Bill

Question 42

Multiple Choice

Northwest Company received and immediately paid a $4,000 utility bill from Green River Gas and Electric Company. The entry by Green River Gas and Electric Company to record receipt of the payment would include


A) A credit to Accounts Payable
B) A debit to Cash
C) A credit to Utilities Expense
D) A credit to Accounts Payable and a debit to Cash

Correct Answer:

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