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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 7: Accounting for the Business-type Activities of State and Local Governments
  5. Question
    When a New Utility Customer Submits a Deposit, the Enterprise
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When a New Utility Customer Submits a Deposit, the Enterprise

Question 53

Question 53

Multiple Choice

When a new utility customer submits a deposit, the enterprise fund journal entry will include:


A) A credit to Customer Deposits.
B) A debit to Customer Deposits.
C) A debit to Sales of Water.
D) A credit to Sales of Water.

Correct Answer:

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