A Business Receives a Bill for Utilities but Decides to Pay

Multiple Choice

A business receives a bill for utilities but decides to pay it next month. The business would record the receipt of the bill by:

A) Debiting Utilities Expense; Crediting Cash
B) Debiting Utilities Expense; Crediting Accounts Receivable
C) Debiting Utilities Expense; Crediting Accounts Payable
D) Debiting Accounts Payable; Crediting Utilities Expense